By Armstrong Chen , Han Min and Zhang Jun King & Wood Mallesons’ Dispute Resolution Group
On December 26, 2014, The China Banking Regulatory Commission (CBRC) and the Ministry of Industry and Information Technology（MIIT） jointly issued the Guide to Promote Banking Application of Secure and Controllable Information Technology (2014 to2015) (CBRC Banfa [2014] No.317, “Guide No.317”,or the “Guide”). The Guide immediately triggered a heated discussion amongst domestic and foreign enterprises; and in particular by foreign information technology providers in China. So controversial is the Guide that it has led to questions being passed from US President Barack Obama to his Chinese counterpart, President Xi Jinping. What is Guide No.317 and why has it been the cause of such controversy?
Continue Reading Quake invoked: The Guide to Promote Banking Application of Secure and Controllable Information Technology issued
