U.S. consultancy Mintz’s executives leave Hong Kong after China raid, sources say

News Snapshot:

Some Hong Kong-based staff with U.S. consultancy Mintz Group have left the city after the firm’s Beijing office was raided by Chinese police in March, according to two sources with direct knowledge of the matter. Investigations by Chinese authorities into Mintz, as well as U.S. management consultancy Bain & Co and mainland consultancy Capvision Partners, have sent a chill through companies that deal with China, with many unclear where red lines stand as Beijing prepares to introduce stricter anti-espionage laws in July. Moving people swiftly out of Hong Kong underscores how the crackdown in China has unnerved some companies in...