According to the Wall Street Journal, a new department affiliated with the CFIUS is carefully reviewing the investment status of Chinese investment in U.S. start-ups for months or even years ago, and may announce a large number of penalties.
The new law enforcement unit, established by former U.S. President Trump in the past two years, is composed of more than 20 people to screen old investment transactions involving sensitive technologies that may pose a threat to national security.
The sector reportedly focuses on venture capital investment transactions, including small transactions, that can be traced back to China.”
CFIUS, which is responsible for examining whether foreign investment in U.S. companies and real estate, has potential national security risks, is bound to be a key force in President Biden’s strategy to curb China’s technological ambitions.” The report analyzed.
