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The US trade control list is included in 8 Chinese companies.

via:博客园     time:2019/10/8 15:30:43     readed:69

Editor: Zhang Jia

[guide to New Zhiyuan]The Commerce Department said on Monday that eight Chinese companies had been added to the U.S. trade control list and banned from working with U.S. companies. These eight Chinese enterprises include: Dahua Technology, Haikang Wei Vision, iFLYTEK, Xuan Vision Technology, Shang Tang Technology, Xiamen Meiyabe Technology, Yitu Technology, Yishin Technology. The new policy will take effect later this week.

The US Department of Commerce said Monday that 8 Chinese companies will be included in the US trade control list to prohibit cooperation with US businesses. The new policy will take effect later this week.

Specifically, it includes:

  • Dahua Science and Technology;
  • Haikang Wei Vision;
  • HKUST;
  • Absence technology;
  • Shang Tang science and technology;
  • Ho Mei Ya Bai Ke Information Co., Ltd.
  • Science and technology according to the diagram;
  • Yixin technology co., Ltd.

Of the United States Government.

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The latest company response:

At present, the views and absenteeism of the sea have been responded to.

In response to the listing of companies in the United States trade control list, Oct.8, Haekangwei Secretary Dong said that Haekangwei strongly opposed the United States Department of Commerce to include companies in the list of entities, this decision is unsubstantiated, called on the United States Government in the principle of fairness, justice, non-discrimination, re-examination, Haekangwei removed from the list of entities. Hikvision will adopt all reasonable and appropriate economic solutions to protect the interests of the company and its partners. At the same time will implement all aspects of the response plan, the company has the ability to continue, stable to provide customers with quality products and services. In response to the announcement, Mr. Kuang strongly protested:

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In addition, in the afternoon of October 8, Dahua Co., Ltd., the Company was informed that the Department of Commerce of the United States proposed to include 8 Chinese enterprises on the list of entities, and the company was included. The company's shares have been suspended on October 8, but no later than Oct.10, the company opened the card.

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Four of the eight companies on the regulatory list have traded publicly in China. Dahua shares have risen 17 percent in the past year and Haekangwei is up 12.4 percent. IFLYTEK rose 11.5 percent, Xiamen Mayabeko rose 7.9 percent. Today, these companies either suspend trading or their share prices fall.

In August of this year, the application of open vision was listed in Hongkong, but the terms and time of the listing were not disclosed. The ban complicates Kuang's IPO.

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