(Bloomberg) -- Capvision Pro Corp has fulfilled a “rectification” process to address national security risks, the company said, months after Beijing’s anti-spy crackdown spooked investors and international companies.
The expert-research company with headquarters in New York and Shanghai said in a statement it had improved its compliance system under the guidance of Chinese authorities and passed their inspection.
“The consulting sector must step up the awareness of safety and security,” Capvision said on its official WeChat account on Tuesday evening. The company “will take the lead to defend the security bottom line in the development of the nation’s consulting industry,” it added.
Capvision did not immediately respond to requests for comment on a public holiday in China.
Read more: Capvision Vows to Meet China Anti-Spy Rules With Compliance Push
Capvision was a prominent target of an anti-espionage crackdown on consulting firms operating in the country that began this year. Security officials visited and searched Capvision’s office in Shanghai, it was reported in May, accusing the company of abetting espionage efforts by foreign forces.
The campaign underscored President Xi Jinping’s increasing focus on national security, even as he seeks to attract foreign investors to help reinvigorate the nation’s fragile economy.
The Chinese authorities in August fined US due diligence firm Mintz Group for illegal data collection, months after officials raided its offices in Beijing and detained five of its Chinese employees.
In April, American consultancy Bain & Co. said Chinese authorities had questioned staff at its Shanghai office.
The Wall Street Journal reported last week that China blocked a senior executive at US risk advisory firm Kroll from leaving the mainland. The Hong Kong-based employee is assisting an investigation and is not the target of the probe, the report said.
China’s use of exit bans has been a point of contention between Beijing and Washington, with the US State Department advising citizens to reconsider travel to China based on what it called the “arbitrary enforcement of local laws, including in relation to exit bans.”
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