In continuation of my previous post clarifying the misleading comparison between the OFAC sanctions on the Chinese firm building the Harbour Bridge and the full blocking sanctions on Mohamed’s Enterprise in Guyana, let’s now look at the actual scope of the Chinese sanctions.
What Executive Order 14032 Really Says This Executive Order, issued by U.S. President Joe Biden on June 3, 2021, targets publicly traded securities of companies linked to the Chinese military-industrial complex and surveillance technology sector. It does not impose asset freezes or trade bans. Instead, it prohibits U.S. persons from investing in these companies.
Notable Companies Listed in the Annex (Still Operating Globally) Here are 50 companies subject to this capital market sanction that continue to operate internationally:1. Huawei Technologies Co., Ltd.
2. Huawei Investment & Holding Co., Ltd.
3. Hangzhou Hikvision Digital Technology Co., Ltd.
4. China Mobile Limited
5. China Telecom Corporation Limited
6. China Unicom (Hong Kong) Limited
7. Semiconductor Manufacturing International Corporation
8. China National Offshore Oil Corporation (CNOOC)
9. China Railway Construction Corporation Limited
10. China Communications Construction Company Limited
11. China State Shipbuilding Corporation Limited
12. China Aerospace Science and Technology Corporation
13. China Aerospace Science and Industry Corporation Limited
14. China Electronics Technology Group Corporation
15. China Electronics Corporation
16. China General Nuclear Power Corporation
17. China National Nuclear Corporation
18. China North Industries Group Corporation Limited
19. China South Industries Group Corporation
20. China Shipbuilding Industry Company Limited
21. China Shipbuilding Industry Group Power Company Limited
22. China Satellite Communications Co., Ltd.
23. China Avionics Systems Company Limited
24. AVIC Aviation High-Technology Company Limited
25. AVIC Heavy Machinery Company Limited
26. AVIC Jonhon Optronic Technology Co., Ltd.
27. AVIC Shenyang Aircraft Company Limited
28. AVIC Xi’an Aircraft Industry Group Company Ltd.
29. Aero Engine Corporation of China
30. Aerospace CH UAV Co., Ltd.
31. Aerospace Communications Holdings Group Company Limited
32. Aerosun Corporation
33. Anhui Greatwall Military Industry Company Limited
34. China Academy of Launch Vehicle Technology
35. China Mobile Communications Group Co., Ltd.
36. China Communications Construction Group (Limited)
37. China Marine Information Electronics Company Limited
38. China Nuclear Engineering Corporation Limited
39. China Spacesat Co., Ltd.
40. China Telecommunications Corporation
41. China United Network Communications Group Co., Ltd.
42. Costar Group Co., Ltd.
43. CSSC Offshore & Marine Engineering (Group) Company Limited
44. Fujian Torch Electron Technology Co., Ltd.
45. Guizhou Space Appliance Co., Ltd.
46. Inner Mongolia First Machinery Group Co., Ltd.
47. Inspur Group Co., Ltd.
48. Jiangxi Hongdu Aviation Industry Co., Ltd.
49. Nanjing Panda Electronics Company Limited
50. North Navigation Control Technology Co., Ltd.
Key TakeawayThese companies are not subject to full blocking sanctions. They continue to operate globally, including in major infrastructure and technology sectors. The restriction is limited to U.S. investment, not international trade or operations.