China tightens grip on outbound investment after Meta-Manus deal fallout

Beijing warns of retaliation against 'discriminatory practices' of foreign firms

Police officers stand guard outside the gate to Zhongnanhai, the Chinese leadership compound, in Beijing. China released new investment rules on June 1 aimed at safeguarding national security. © Reuters

HONG KONG -- China has unveiled new rules on outbound investment, tightening oversight of local companies and individuals investing overseas.