Chinese authorities have released all employees of the Mintz Group, an American corporate due diligence firm, detained for nearly two years. This release aligns with Beijing's efforts to attract foreign investment amidst economic downturns. The firm had faced scrutiny and fines for unauthorized investigations, leading to the closure of its Beijing and Hong Kong offices. This action follows a recent economic forum in Beijing, emphasizing improved market access for foreign investors. The broader context reveals increasing regulations impacting foreign research firms in China, reflecting heightened government control over corporate data flows.
"We are grateful to the Chinese authorities that our former colleagues can now be home with their families," the Mintz Group said in a statement.
Mintz was later fined for conducting unauthorized statistical investigations. It is not clear what statistics were involved, highlighting the opaque nature of regulatory scrutiny.
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