China’s authorities are imposing strict controls on financing for the national high‑tech sector. The government intends to prohibit leading technology companies, including promising AI startups, from raising capital from the United States without prior state approval.
According to informed sources, the National Development and Reform Commission (NDRC) has already issued direct instructions to a number of private firms to reject offers from American investors in current funding rounds. Startups that received notices include market leaders Moonshot AI and StepFun.
The restrictions also affect industry giant ByteDance, the owner of TikTok. Regulators have blocked secondary share sales to US players without special permission.
Beijing’s move is aimed at fully isolating sensitive technological developments from foreign influence. China’s authorities are seeking to cut off US access to assets directly linked to national security and technological sovereignty. Experts view these measures as a symmetric response to Washington’s restrictions and a final shift by China toward a closed financing model for critically important innovations.
