China has introduced new rules to tighten control over overseas investments. This directive aims to enhance national security reviews for cross-border capital flows. The regulations, effective July 1, prohibit the transfer of restricted goods, technology, services, and data abroad. Offenders face financial penalties, including fines and asset disposal.

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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