China Frees Mintz Employees After Two-Year Detention, FT Says

March 25, 2025

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(Bloomberg) — China has freed five Mintz Group employees who were detained in 2023, the Financial Times reported.

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A spokesman for the due-diligence company said it was “grateful to the Chinese authorities” for releasing the Chinese nationals, the newspaper said on Tuesday.

Beijing rattled foreign firms two years ago by stepping up its scrutiny of Western businesses as tensions with the US mounted. In March 2023, authorities raided the New York-based company’s office in Beijing and detained the five.

US consultancy Bain & Company and Capvision Pro Corp., a global expert network, were also targeted. China provided few details on the moves but state media said the raid of Capvision’s offices was part of an anti-espionage crackdown on consulting firms.

Chinese leader Xi Jinping has put a priority on protecting national security even as it tries to encourage foreign investment to help revive the economy.

Beijing has taken steps to tighten control over sensitive data, especially in the wake of US sanctions targeting important industries such as chipmaking.