General

Russian Satellite News Agency just reported that the Bureau of Industry and Security of the US Department of Commerce announced that 27 entities and individuals will be included in the so-called "Military End User" (MEU) list, including 12 Chinese companies.

u3000u3000 Satellite Network stated that according to the list published on the website of the US Department of Commerce, entities and individuals from four Asian countries are included: Japan and Singapore 1 each; China 12; Pakistan 13.

u3000u3000 The U.S. Department of Commerce stated that the reasons for these entities and individuals being included include support for China’s military quantum computing applications, support for the proliferation of Pakistan’s nuclear and missiles, and support for the Russian military. In the final analysis, the U.S. Department of Commerce determined that the actions of these entities and individuals may endanger U.S. security interests.

u3000u3000 There are 12 Chinese companies and institutions involved in this new list of entities:

u3000u3000 Jiazhao Technology (Shenzhen) Co., Ltd.

u3000u3000Hangzhou Zhongke Microelectronics Co., Ltd.

u3000u3000 Hefei National Research Center for Microscale Material Science

u3000u3000Hunan Guoke Microelectronics

u3000u3000 New H3C Semiconductor

u3000u3000Peaktek

u3000u3000Poly Asia Pacific Co., Ltd.

u3000u3000 Science and Technology National Shield Quantum Technology Co., Ltd.

u3000u3000Shanghai Guodun Quantum Information Technology Co., Ltd.

u3000u3000 Shaanxi Zhien Electromechanical Technology Co., Ltd.

u3000u3000 Xi'an Aerospace Huaxun Technology Co., Ltd.

u3000u3000 Suzhou Yunxin

The “entity list” is mainly quantum computing and chip companies. Among them, Corad Technology Limited, which was included in the list in 2019, has three more subsidiaries included in the list this time, including: Corad Technology (Shenzhen) Ltd. (Corad Technology (Shenzhen) Ltd.), Corad Technology Pte Ltd. Singapore (Corad Technology Pte Ltd.), Corad Technology Japan K.K.

It’s worth noting that Hunan Goke Microelectronics, a listed company on the ChiNext Board, QuantumCTek Co., Ltd., a listed company on the Science and Technology Innovation Board, and its subsidiary, Shanghai QuantumCTek Co., Ltd. In the list.

On November 25th, the Bureau of Industry and Security of the U.S. Department of Commerce revised the newly added entities and some items on the list of entities in a document numbered [211117-0236]RIN 0694-AI60, and carried out this action. Named "Final Rule". It is reported that the newly added entities in the final rule will be added to the US military end user (MEU) list.

u3000u3000 The summary of this document also mentioned that in this final rule, the Bureau of Industry and Security (BIS) amended the Export Administration Regulations (EAR) by adding 27 entities to the list of entities. The U.S. government determined that 27 entities violated U.S. national security or foreign policy interests.

According to the statement of the US Department of Commerce, companies and individuals included in the Entity List will be subject to export, re-export and domestic transfer restrictions on items subject to the Export Administration Regulations (the Export Administration Regulations, EAR) . For the entities added to the list of entities in this final rule, the Bureau of Industry and Security has imposed licensing requirements that apply to all projects subject to the EAR. In addition, there are no license exceptions for entities that are exported, re-exported or domestically transferred to the list of entities added to this rule, and the Bureau of Industry and Security implements a presumption of denial of license review policy for these entities.

u3000u3000 Ministry of Foreign Affairs: The United States has been hysterical and unscrupulous

In this regard, Foreign Ministry spokesperson Zhao Lijian said at a regular press conference on the afternoon of the 25th that the United States has repeatedly generalized the concept of national security and abused national power to unreasonably suppress Chinese companies. This has seriously harmed the interests of Chinese companies and wilfully undermined the international economic and trade order. Free trade rules have seriously threatened the global industrial chain and supply chain, and have reached the level of hysteria and unscrupulous measures.

u3000u3000Zhao Lijian emphasized that China firmly opposes the above-mentioned measures by the US, and requires the US to immediately correct its wrongdoings and reserve the right to take necessary countermeasures against the US. China will take all necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises.

u3000u3000 The United States has listed various reasons for suppressing Chinese companies, and it has been common before. Chinese Foreign Ministry spokesperson Hua Chunying once said that the US government's generalization of the concept of national security, abuse of national power, and unscrupulous measures to suppress Chinese companies are denials of the market economy and fair competition principles that the US has always advertised. This approach not only harms the legitimate rights and interests of Chinese companies, but also harms the interests of American companies, seriously disrupting the normal scientific and technological exchanges and trade exchanges between the two countries and even the world, and causing damage to the global industrial chain and supply chain. "We urge the US to correct its mistakes, stop slandering and unreasonable suppression of Chinese companies, and treat Chinese companies fairly, justly and non-discriminatorily. The Chinese government will continue to firmly safeguard the legitimate rights and interests of Chinese companies," she said.

u3000u3000The Ministry of Commerce: expresses a strong protest against the new sanctions list issued by the United States

u3000u3000 At a regular press conference held by the Department of Commerce on November 25, the media asked that the U.S. Department of Commerce announced on the 24th that 12 Chinese companies were included in the "Entity List" because they did not conform to U.S. national security interests or foreign policy. What's the response from the Ministry of Commerce?

u3000u3000 Department of Commerce spokesperson Shu Jueting said that the new sanctions list issued by the US Department of Commerce does not conform to the consensus of the heads of state of China and the United States. It is not conducive to China and the United States, and is not conducive to the security of the global industrial chain supply chain and the recovery of the world economy. The United States has broadened the concept of national security and arbitrarily introduced sanctions, seriously lacking factual basis, and the procedures are very opaque. China has expressed strong protest and will make solemn representations to the United States.