US investors in Chinese venture capital funds are racing to comply with new rules banning them from backing companies that develop artificial intelligence and other advanced technologies used by the People’s Liberation Army.
Measures by the Biden administration, which come into force on Thursday, impose civil and criminal penalties for US entities that invest in Chinese companies involved in semiconductors, quantum computing or AI systems that could be used by China’s military.
The rules introduce a hefty due diligence burden on US investors. Institutions with money tied up in Chinese investment funds must secure “binding contractual assurance” that their cash will not be used to buy companies that violate the rules.
您已阅读19%（724字），剩余81%（3183字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。