China Releases Detained Mintz Group Employees After Two Years

The release coincides with China's push to attract foreign investment at the China Development Forum, highlighting tensions between regulatory crackdowns and economic diplomacy.

• China has released five Chinese nationals who worked for the US-based due diligence firm Mintz Group after nearly two years in detention.
• The employees were detained in March 2023 during a broader crackdown on foreign consultancy and due diligence firms operating in China.
• Mintz Group was fined $1.5 million in 2023 for conducting unauthorized 'foreign-related statistical investigations.'
• The release of the employees follows the conclusion of the China Development Forum, where Premier Li Qiang pledged to expand market access for foreign investors.
• Mintz Group expressed gratitude to Chinese authorities for the release, emphasizing the firm's global operations in fraud investigations and background checks.

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