China summons Western tech firms, revives bank cyber rules

A Microsoft logo is seen on an office building in New York City, July 28, 2015. REUTERS/Mike Segar

BEIJING (Reuters) - China has resumed work on a set of banking cyber security regulations it suspended earlier this year, reviving a potential source of friction with the United States just weeks before Xi Jinping makes his first trip to Washington as China's president, people with knowledge of the matter said.

At a meeting last week in Beijing, officials from the China Banking Regulatory Commission (CBRC) told representatives from several Western technology companies, including Microsoft , IBM and Cisco Systems , they would seek opinions over the next month on a new version of the bank procurement rules, one of those present at the meeting said.