Asian Tech Press (Feb 8) -- The U.S. Commerce Department on Monday added 33 Chinese entities to its unverified list (UVL) for receiving its exports.
Entities placed on the list will be subject to stricter export restrictions because U.S. officials cannot satisfactorily complete end-use checks.
And under the rules, the use of license exceptions for exports, reexports and transfers (in-country) involving one or more parties to the transaction listed on the UVL is suspended.
The newly action by the U.S. Commerce Department reminds U.S. exporters that if they want to do business with any of the companies on the list, they must first obtain a license.
The 33 Chinese entities included on the list are as follows:
- AECC South Industry Co., Ltd.
- Beijing SWT Science
- Beijing Zhonghehangxun Technology Co., Ltd.
- China National Erzhong Group Deyang Wanhang Die Forging Co., Ltd.
- Chuzhou HKC Optoelectronics Technology Co., Ltd.
- Dongguan Durun Optical Technology Co., Ltd.
- Dongguan Huiqun Electronic Co., Ltd.
- Guangdong Guanghua Sci-Tech Co.
- Guangxi Intai Technology Co., Ltd.
- Guangzhou Hymson Laser Tehnology Co., Ltd.
- Harbin Xinguang Feitian
- Hefei Anxin Reed Precision Co., Ltd.
- Heshan Deren Electronic Technology Co., Ltd.
- Hubei Longchang Optical Co., Ltd.
- Hubei Sinophorus Electronic Materials Co., Ltd.
- Hunan University
- Jinan Bodor CNC Machine Co., Ltd.
- Jiutian Intelligent Equipment Co., Ltd.
- Kunshan Heng Rui Cheng Industrial Technology Co., Ltd.
- Shanghai Fansheng Optoelectronic Science & Technology Co., Ltd.
- Shanghai Micro Electronics Equipment (Group) Co., Ltd.
- Shuang Xiang (Fujian) Electronics
- Southern University of Science and Technology
- Suzhou Chaowei Jingna Optoelectric Co., Ltd.
- Suzhou Gyz Electronic Technology Co., Ltd.
- Suzhou Lylap Mould Technology Co., Ltd.
- Wuxi Biologics Co., Ltd.
- Wuxi Biologics (Shanghai) Co., Ltd.
- Wuxi Turbine Blade Co., Ltd.
- Yunnan Fs Optics Co., Ltd.
- Yunnan Tianhe Optoelectronic Co., Ltd.
- Zhengzhou Baiwai Intelligent Automation
- Zhuzhou CRRC Special Equipment Technology Co.
Most of the Chinese entities on the list are electronics companies, but there are also optics companies, a wind turbine blade company and national laboratories at universities, etc.
In addition, shares of Chinese biotech company WuXi Biologics ((2269.HK)), which was included on the UVL, opened lower on Tuesday, once plunging more than 30% to a new 52-week low.
WuXi Biologics responded that the unverified list is not the more familiar U.S. entity list or black list, which has no impact on the company's business or ongoing services to its global partners. And the company is also taking interim steps to remove the two subsidiaries from the list.
At the same time, the company announced that trading in its shares on the Stock Exchange of Hong Kong Limited "has been halted with effect from 10:51 a.m. on February 8, 2022 pending the release of an announcement which constitutes inside information of the Company."
