China Asserts Control Over Overseas Deals with New Regulations

China has introduced new regulations aimed at tightening oversight on outbound transactions involving its investors, technology, data, and national security. These rules, set to become effective on July 1 under State Council directives, grant China the authority to reverse completed overseas deals, posing compliance challenges for global investors, especially in sensitive sectors like technology and AI. The move follows the recent reversal of Meta’s acquisition of Manus due to unclarified violations related to outbound investments. The latest measures from Beijing specifically target talent transfers across borders in critical sectors, impacting companies looking to shift their operations overseas. Furthermore, the regulations…