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In the News: Reverse CFIUS Draft; Shein UK Listing; and AI-Related Venture Capital
June 27, 2024 | BY
Clarence Lee &Krista LeeThe U.S. publishes details on "Reverse CFIUS;" Shein's London listing might face obstacles; and two of the top 10 VC deals globally involve China, with much of the funding coming from Chinese state-backed investors.
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US Proposes "Reverse CFIUS" Draft Rules
The United States Treasury Department issued draft rules on June 21 implementing the mechanism banning certain outbound investments involving sensitive technologies or requiring notification of some others, Nikkei Asia reports.
The mechanism, known as "reverse CFIUS," fulfills U.S. President Joe Biden's Executive Order issued last August requiring regulation of U.S. outbound investment into mainland China, Hong Kong,