China releases staff of an American due diligence firm in move to woo investors

Authorities in China have released employees of the American corporate due diligence firm, the Mintz Group, who were detained in Beijing two years ago. This release comes as China is working to attract foreign investors to boost its economy. The Mintz Group conducts investigations and audits to assess risks for clients and has closed its operations in Beijing and Hong Kong following a raid and fine for unauthorized statistical investigations. China has increased scrutiny on foreign research firms and tightened regulations on corporate and trade data flows. Recent incidents include raids on a foreign auditing firm related to Xinjiang and a marketing research office in Shanghai. The release of Mintz employees follows an economic forum in Beijing where Chinese officials promised better market access for foreign investors.

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