Since 2018, the United States has significantly tightened its laws to prevent foreign adversaries, particularly China, from investing in sensitive sectors such as semiconductors and telecommunications. This shift in policy was partly triggered by the 2015 acquisition of Wright USA, a small insurance company specializing in liability insurance for FBI and CIA agents, by China’s Fosun Group. The deal raised alarms in Washington due to Wright USA’s access to personal details of top U.S. intelligence officials. Although the transaction was legal, it highlighted the potential risks of Chinese state-backed investments in critical industries. This case, along with others, led to the Trump administration’s stricter investment regulations.
A Chinese firm bought an insurer for CIA agents – part of Beijing’s trillion dollar spending spree
