HONG KONG :Chinese authorities have carried out an investigation into consulting firm Capvision Partners, state media CCTV reported on Monday, in a warning to other advisory firms as the country tightens its national security laws.
"According to the findings...Capvision accepted a large number of consulting projects from overseas companies on industries sensitive to China, and some of these firms had close ties with foreign governments, military and intelligence agencies," CCTV said during its show, which interviewed staff and consultants hired by Capvision and showed police visiting one of the company's mainland offices.
CCTV did not say whether authorities levelled any punishment against Capvision but that the national security agency had dealt with the company"in accordance with regulations".The broadcasts come after a police raid on U.S. due diligence firm Mintz's China office in March, during which local staff were detained, and a separate visit by police to Bain & Co's Shanghai office last month.
"Some domestic consulting companies have weak awareness of national security, and frequently walk on the edge of the law in order to seek economic benefits," CCTV said.
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