In the News: 'Reverse CFIUS' Will Not Apply Retroactively; PBOC Drafts Rules on Data Security; and China Encourages Private Investment in Projects

President Joe Biden's much-anticipated "Reverse CFIUS" executive order, which will require the screening of U.S. investments into China, will not apply retroactively, at least initially; The PBOC drafts rules on data security for its own business areas; and China aims to inject private captial into national infrastructure projects.

6 minute readJuly 26, 2023 at 04:58 AM

Brian Chan

Shanghai,China-March 25th 2023: facade of People's Bank of China (PBC). The central bank of China. Credit: Robert/Adobe Stock

Outbound Investment Regulations Will Not be Retrospective

The Biden Administration's long-anticipated executive order referred to as "Reverse CFIUS," which will create the first national security screening of U.S.

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