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China frees five Mintz Group employees detained for two years

  • In March 2023, Chinese authorities raided Mintz Group's Beijing office, detaining five local employees for allegedly performing work inconsistent with their business license, leading to Mintz Group shuttering its operations in Beijing and Hong Kong.
  • The arrests stemmed from allegations that Mintz Group conducted 37 "foreign-related statistics" investigations between 2019 and 2022 without the required permission, with the firm later paying a fine of approximately $1.5 million for "unapproved statistical work".
  • The detention of Mintz Group's employees initiated a broader crackdown on U.S. Consulting and due diligence firms like Bain & Co. And Capvision Partners, creating concerns within the expatriate business community regarding potential targeting.
  • Following two years of detention, the five Chinese national employees of Mintz Group were released at the conclusion of a business forum in Beijing attended by figures like Tim Cook and Albert Bourla, amid China's efforts to attract foreign investment after a significant drop in Foreign Direct Investment.
  • Mintz Group expressed gratitude to Chinese authorities for the release of their former colleagues, stating, "We are grateful to the Chinese authorities that our former colleagues can now be home with their families.
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Financial Times broke the news in London, United Kingdom on Tuesday, March 25, 2025.
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