Mintz Group, a U.S.-based due diligence firm, has welcomed the release of five local staff members after nearly two years of detention in China. Their detention began in March 2023 amid a crackdown on foreign consultancy firms. Recently, Chinese authorities fined Mintz Group $1.5 million for conducting unauthorized investigations. The release coincided with the conclusion of the China Development Forum, where Premier Li Qiang called for expanded market access for foreign investors and urged businesses to resist protectionism.
After nearly two years in detention, Mintz Group expresses gratitude to Chinese authorities for the release of their local staff, marking a significant development in foreign relations.
The release of the Mintz Group employees aligns with the conclusion of the China Development Forum, where Premier Li Qiang emphasized the importance of market access for foreign firms.
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