China has issued sweeping new rules tightening oversight of overseas deals involving Chinese investors, technology, data, and national security, a month after Beijing ordered Meta to unwind its acquisition of AI start-up Manus. Taking effect July 1, the regulations provide a formal legal basis to force the unwinding of completed transactions, ban cross-border talent transfers in sensitive sectors without approval, and target “Singapore-washing” practices. They also empower Beijing to retaliate against foreign firms whose home countries restrict Chinese investment, including by cancelling work visas. The framework applies to Hong Kong, Macau, and Taiwan, and significantly heightens compliance risk for global investors in Chinese tech and AI.
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