China is tightening scrutiny of outbound capital flows after forcing the unwinding of the Meta-Manus deal, as authorities seek to safeguard the economy amid heightened technology rivalry with the U.S.

China's State Council announces new rules tightening oversight of outbound technology investments starting July 1, adding pressure to capital flows into global tech and crypto.

The rules, published by the State Council, or cabinet, will take effect from July 1. One of the most significant requires authorisation for exports of restricted Chinese…

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