Fine against US consultancy firm comes amid growing concerns over China’s openness to foreign investment. China has fined US firm Mintz Group about $1.5m for doing “unapproved statistical work” after a raid of its Beijing office sparked worries about China’s openness to foreign investment. The Beijing’s Bureau of Statistics said in a ruling dated July 5, first reported by The …
BEIJING — An American research firm has been fined $1.5 million by China’s government in a crackdown on information-gathering that has rattled foreign investors. Mintz Group was one of a series of foreign consultants that were raided starting in April after Chinese leader Xi Jinping’s government announced expanded anti-spying rules that left companies unsure what they were allowed to do. …
Raid on the Mintz Group office comes as China prepares to hold its annual economic forum. Chinese authorities have raided the Beijing office of US-headquartered due diligence firm Mintz Group and detained five staff. “We can confirm that Chinese authorities have detained the five staff in Mintz Group’s Beijing office, all of them Chinese nationals, and have closed our operations …
US corporate due diligence firm Mintz Group said on Thursday its Beijing office was raided by authorities and that five Chinese staff have been detained. "We can confirm that Chinese authorities have detained the five staff in Mintz Group’s Beijing office, all of them Chinese nationals, and have closed our operations there," the company said in an emailed statement to …
