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Position Paper Joint EU Industry Letter China Banking Regulation

In September 2014, the Chinese government issued the "CBRC Guidelines", which require banks to procure "secure and controllable information and communication technologies" for up to 75% of their networks and systems by 2019. This requirement would almost without exception lead to foreign companies being excluded from the Chinese IT market for banks.

Together with our European umbrella organisation Digital Europe, Business Europe and other stakeholders, we have addressed a joint letter to the European Commission.

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