The framework, which takes effect Jul 1, provides a comprehensive and formalised legal basis for China to force the unwinding of completed overseas transactions.

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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