Consulting firm Capvision sets up compliance committee

Consulting firm Capvision Partners on Wednesday said it has set up a compliance committee to "actively implement rectification requirements" by Chinese authorities.

The compliance committee, composed of three officials from the company, will be chaired by CEO Xu Rujie, Capvision said in a statement.

Shanghai-based Capvision is the latest consultancy and due diligence firm to get caught in Beijing's sweeping crackdown aimed at protecting national security.