The third session of the 13th National People's Congress will be held in Beijing, China, on May 22, 2020.
According to the Financial Times, China is drawing up a blacklist that will make it harder for new technology companies to raise foreign funding.
According to the Wednesday report, the blacklist could be published as early as this month.
It will include start-ups in sensitive sectors that use the variable interest entity structure, which could pose national security concerns.
VIE is a legal structure that is controlled by a company. VIE structures are used by many Chinese companies to circumvent domestic restrictions on foreign investments.
The report said that the blacklist wouldn't affect companies with existing VIE structures.
