Original title: Increase suppression!The U.S. Treasury Department puts entities and individuals in five countries including China on the list, and imposed investment restrictions on a Chinese company
[环球网报道]The United States continues to suppress Chinese companies.
On December 10, local time, the U.S. Treasury Department used the so-called “human rights violations” as an excuse to list 15 individuals and 10 entities from five countries including China, Russia, North Korea, Myanmar, and Bangladesh in the U.S. Department of Treasury’s Office of Overseas Assets Control. The sanctions list includes 3 Chinese citizens and a number of Chinese companies. In addition, the U.S. Treasury Department also included China Shangtang Technology Co., Ltd. on the so-called “list of military-related enterprises” and imposed investment restrictions.
Earlier, the British “Financial Times” reported on the 9th that the U.S. government plans to ban U.S. investment in Chinese artificial intelligence giant SenseTime on the 10th local time. At the same time, the U.S. “Wall Street Journal” stated that the U.S. seeks Prevent China’s largest chip manufacturer SMIC from buying American chip manufacturing tools.
According to the report, according to people familiar with the matter, SenseTime will be included in the US Treasury Department’s “Military-Involved Enterprises List” this Friday. And that day was the time when SenseTime was preparing to be listed on the Hong Kong Stock Exchange for pricing. According to relevant U.S. policies, once included in the list, U.S. investors will not be able to trade with SenseTime in the market. This may complicate SenseTime’s Hong Kong initial public offering (IPO) plan this month, because SenseTime’s shareholder list includes investors from the United States. According to SenseTime’s IPO prospectus, American Silver Lake Capital and Qualcomm participated in the investment in SenseTime. As of the early morning of the 11th, Beijing time, neither Silver Lake Capital nor Qualcomm had commented on relevant reports.
This is the second time SenseTime has been suppressed by the United States. In October 2019, the US Department of Commerce added SenseTime to the “Entity List” on the grounds of so-called “human rights.” At that time, Chinese companies that were added to the “Entity List” together with SenseTime were Dahua Technology, Hikvision, iFLYTEK, Megvii Technology, etc. These companies were facing export controls from the United States, that is, if there is no U.S. business Under the permission of the Ministry of Foreign Affairs, certain products, technologies or services in the United States shall not be provided to these companies.
In addition, people familiar with the matter said that US officials plan to discuss a proposal by the Department of Defense this month to close a regulatory loophole that allows another Chinese company, SMIC, to purchase key US technologies. According to US media, although it has been included in the “Entity List” of the US Department of Commerce, SMIC has been able to continue to purchase US tools to manufacture chips.
Information disclosed by people familiar with the matter also shows that US officials are considering adding more Chinese technology companies to the Ministry of Commerce’s “Entity List” and the Ministry of Finance’s list of prohibited US investment in the coming months. However, the Wall Street Journal stated that although officials of some agencies urged a tougher approach to China, some officials of the US Department of Commerce still opposed some of the plans because they believed that these plans would harm the interests of US companies.
The U.S.’s unwarranted suppression of Chinese companies has been firmly opposed by China. The spokesperson of the Chinese Ministry of Foreign Affairs has repeatedly called on the U.S. to stop abusing national power and generalizing the concept of national security to suppress foreign companies.
Li Haidong, a professor at the Institute of International Relations of the China Foreign Affairs University, said in an interview with the Global Times reporter on the 10th that the continuous expansion of the scope of suppression of Chinese companies shows that the United States continues to “decouple” the policy direction from China in terms of high technology. The field of science and technology, especially military-related science and technology is not within the so-called “scope of cooperation with China” defined by the United States itself. In the future, the United States may continue to use all means to suppress China’s scientific and technological development. The wrong approach of the United States is not conducive to China and the United States, to the security of the global industrial chain and supply chain, and to the recovery of the world economy.
.