China Tells Treasury New Banking Rules Delayed, But Details Still Murky

The Chinese government has told U.S. Treasury Department officials that Beijing is delaying the implementation of new banking regulations that would require foreign companies supplying China's financial institutions to turn over sensitive commercial information, according to a spokeswoman for the Office of the U.S. Trade Representative. "Treasury officials were told by the Chinese Government on Monday that the banking regulations have been delayed,” the spokeswoman told Inside U.S. Trade in an email Tuesday (March 31). But she added that...