China Tightens Control on Overseas Investment, Sets New Rules to Restrict Emigration

[claireokc]

While the Chinese communist regime’s zero-COVID policy has accelerated the recession of China’s economy, the humanitarian crisis caused by the strict pandemic control measures has driven interest by wealthy Chinese to emigrate to the United States, Canada, and Europe. In response, the Chinese Communist Party (CCP) recently put out new regulations to tighten its control over investment emigration through notarization. Experts believe that this move is to make it more difficult for wealthy Chinese to move to foreign countries through investment immigration, preventing capital leaving China. Recently, a notice jointly issued by the Ministry of Justice and notarial association of the CCP was circulated on social media, outlining new regulations for notary associations across China to handle the certification documents needed for individual citizens’ foreign investments. ...

Source: https://www.theepochtimes.com/china-tig ... 53292.html