List of Blacklisted Companies in china

List of blacklisted companies in China: In March 2024, the US is considering blacklisting several Chinese chipmakers, including Qingdao Si’En, SwaySure, and Shenzhen Pensun Technology Co. (PST), due to their involvement in Huawei’s secretive chip network. Additionally, the US has blacklisted six Chinese entities, including companies and a research institute, in retaliation for an alleged spy balloon incident in February 2023. These measures aim to restrict their economic activities, making it harder for them to operate. The US has a history of using the Entity List, dating back to the late 1990s, to impose trade restrictions on entities perceived as threats to national security, with increased attention during the Trump administration.

In this article, we are going to discuss List of blacklisted companies in China in detail.

List of Blacklisted Companies in China

Several companies have been blacklisted, including big names like cloud computing giant Inspur and two subsidiaries of genetics company BGI, accused of collaborating with China’s military to obtain DNA data of Americans. Also, several companies like Xp-pen, Hikvision, Lenovo, Dahua, and others are banned from participating in tenders.

Company Name	Reason of Blacklist	Year	Company Domain
Inspur	Accused of collaborating with China’s military to obtain DNA data	2024	Cloud Computing
BGI Research	Accused of collaborating with China’s military to obtain DNA data	2024	Genetics
BGI Tech Solutions	Accused of collaborating with China’s military to obtain DNA data	2024	Genetics
Xp-pen	Unspecified	2024	Technology
Hikvision	Unspecified	2024	Security
Lenovo	Unspecified	2024	Technology
Dahua	Unspecified	2024	Security
Lava	Accurate reason unspecified	2024	Electronics
Ottomate	Accurate reason unspecified	2024	Home Automation
Xolo	Accurate reason unspecified	2024	Mobile Devices
Airpro	Accurate reason unspecified	2024	Technology
Grandstream	Accurate reason unspecified	2024	Telecommunications
Wi-Tek	Accurate reason unspecified	2024	Networking
Realtime	Accurate reason unspecified	2024	Technology
Maxhub	Accurate reason unspecified	2024	Electronics
Nokia	Accurate reason unspecified	2024	Technology
Domino	Accurate reason unspecified	2024	Technology
Reputer	Accurate reason unspecified	2024	Technology
Tyro	Accurate reason unspecified	2024	Technology

Reasons To Blacklist The Companies in China

Here are the major reasons to blacklist the companies in China as mentioned below.

National Security Concerns

This reason typically involves companies engaging in activities that could compromise a nation’s security interests. For instance, collaborating with foreign governments or entities to obtain sensitive information or technologies that could be used against the nation’s interests. It may also involve companies working on projects with foreign entities that have ties to hostile governments or organizations, posing a threat to national security.

Ethical Violations

Companies may be blacklisted for engaging in practices that violate ethical standards, such as human rights abuses. This could include employing forced labor, unsafe working conditions, or discriminatory practices. Environmental violations, such as pollution, deforestation, or habitat destruction, may also lead to blacklisting, especially if companies disregard environmental regulations or engage in activities that harm ecosystems. Unfair labor practices, such as exploitation of workers, child labor, or denial of workers’ rights, could also result in blacklisting.

Trade Violations

Blacklisting due to trade violations often occurs when companies violate trade regulations or sanctions imposed by governments or international bodies. This could involve illegal trade practices, such as smuggling, circumventing tariffs, or trading with sanctioned entities or countries. Companies may also be blacklisted for engaging in unfair trade practices, such as dumping products below cost to gain market share or engaging in intellectual property theft to gain a competitive advantage.

Intellectual Property Theft

Blacklisting may occur if companies are found to be involved in the unauthorized use, reproduction, or distribution of intellectual property belonging to others. This could include patent infringement, trademark counterfeiting, or trade secret theft. Companies engaged in intellectual property theft undermine innovation and fair competition, which can have significant economic and legal implications.

Fraud or Corruption

Blacklisting due to fraud or corruption typically involves companies engaging in deceptive or dishonest practices for financial gain. This could include embezzlement, bribery of public officials, kickbacks, or accounting fraud. Companies found guilty of fraud or corruption damage public trust, undermine the integrity of markets, and may face legal consequences such as fines, lawsuits, or criminal charges.

Terrorism Financing

Blacklisting may occur if there are suspicions that a company is involved in financing or supporting terrorist activities. This could include providing financial support, resources, or services to designated terrorist organizations or individuals. Companies engaged in terrorism financing pose a significant threat to national and international security and may face severe legal and reputational consequences.

Violations of Export Controls

Blacklisting due to violations of export controls often involves companies breaching regulations related to the export of sensitive technologies or materials. This could include exporting controlled goods without proper authorization, violating export restrictions, or transferring technology to unauthorized entities or countries. Violations of export controls can have serious national security implications and may result in legal penalties, export restrictions, or sanctions.

Sanctions Compliance

Blacklisting may occur if companies fail to comply with international sanctions imposed on certain countries, entities, or individuals. This could involve conducting business with sanctioned parties, facilitating transactions prohibited by sanctions, or providing support to sanctioned regimes or entities. Companies found to be in violation of sanctions may face legal repercussions, including fines, asset freezes, or restrictions on international trade.

Cybersecurity Concerns

Blacklisting due to cybersecurity concerns often involves companies engaging in activities that pose significant cybersecurity risks. This could include failing to adequately protect sensitive data, engaging in cyber attacks, or facilitating cybercrime. Companies with poor cybersecurity practices may expose themselves and their customers to data breaches, financial losses, and reputational damage. Governments may blacklist companies to protect national security and critical infrastructure from cyber threats.

Political Reasons

Blacklisting based on political reasons may occur due to geopolitical tensions, disputes, or conflicts between countries. This could involve governments imposing sanctions or trade restrictions on companies from other countries as a form of political retaliation or pressure. Companies may become collateral damage in diplomatic disputes, trade wars, or geopolitical rivalries between nations, leading to their blacklisting for political reasons.

List of Major Chinese Conglomerates

In China, a big company that owns many smaller ones is called a conglomerate. The Chinese word “jituan” means “business group” or “conglomerate.” Some people think Chinese conglomerates have goals besides making money, like trying to control the global microprocessor market. Sometimes, chasing these goals leads to the company borrowing money, which can cause financial problems. When companies have a lot of debt, regulators might start paying closer attention to them. Here are the Major Chinese Conglomerates as mentioned below.

Rank	Name	Headquarters	Revenue (US$M)	Employees
1	HNA Group	Haikou	81,419.8	143,480
2	Fosun International	Shanghai	32,389.7	73,043
3	China Evergrande Group	Shenzhen	45,843.0	191,131
4	Legend Holdings	Beijing	75,914.4	68,314
5	China Resources Group	Shenzhen	119,601.2	362,706
6	CITIC Group	Beijing	61,887.0	156,898
7	China Oceanwide Holdings Group	Beijing	11,466.4	30,542
8	China Poly Group Corporation	Beijing	66,024.3	143,338
9	China National Travel Service (HK)	Hong Kong	10,441.3	38,407
10	China Energy Investment	Beijing	57,699.7	161,645
11	China General Technology Group	Beijing	13,734.6	45,298
12	China General Nuclear Power Group	Beijing	20,990.4	26,497
13	China Merchants Group	Shenzhen	54,021.4	82,366
14	COFCO Group	Beijing	68,274.1	106,646
15	China Communications Construction	Beijing	130,664.1	220,519
16	China Minmetals Corporation	Beijing	131,800.4	193,965
17	China Electronics Corporation	Beijing	46,305.8	82,804
18	AVIC	Beijing	62,228.8	460,398
19	China Aerospace Science and Technology	Beijing	43,742.1	196,060
20	China Southern Power Grid	Guangzhou	38,239.3	94,719

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FAQs – List of blacklisted companies in china

What Chinese companies are on the trade blacklist?

The blacklisted firms also include cloud computing giant Inspur and BGI Research and BGI Tech Solutions (Hongkong) Co., Ltd., two subsidiaries of genetics company BGI, which has been accused of working with China’s military to secure DNA data of American citizens.

Who owns most of the major companies in China still?

Many of China’s largest companies are state-owned enterprises, due to the significant presence of the Chinese government in the national economy.

Which Chinese companies are banned in India?

Companies that have been banned from participating in tenders include Xp-pen, Highvision Hikvision, Lenovo, Dahua, Lava, Ottomate, Xolo, Airpro, Grandstream, Wi-Tek, Realtime, Maxhub, Nokia, Domino, Reputer, Tyro.

What is the highest paid company in China?

Beijing: Despite China aiming to rein in domestic Internet giants, Alibaba is still the best-paying tech company in the country at an average monthly salary of $5,000, followed by ByteDance and Tencent Holdings that offer average monthly wages of $4,900 and $4,600, respectively.

What is the most profitable Chinese company?

This statistic shows ten largest Chinese public companies listed in Forbes Global 2000 annual ranking of 2023, broken down by profit. That year, Industrial and Commercial Bank of China (ICBC) ranked first among Chinese public companies with a profit of approximately 52.5 billion U.S. dollars.

What is the largest private company in China?

With a total revenue of about 1.05 trillion yuan, JD.com has retained the first position among the top 500 private enterprises for two consecutive years and the Top 500 service private enterprises for three consecutive years.

Which Indian company is famous in China?

The Indian giant offers consulting and IT services in China through its various subsidiaries. Prominent among those are Infosys Technologies (Shanghai) and Infosys Technologies (China). Infosys China is listed among the Top 10 Global Service Providers by the China Council for International Investment Promotion.

Is Youtube allowed in China?

Yes, Youtube is blocked in China. Attempting to load the Youtube app or website while in mainland China will return an error. Youtube videos embedded on other sites will not load. Likewise, Youtube’s paid content and Youtube TV are also blocked.

Why Google blocked in China?

The decision to impose the ban was made as a result of Google’s unwillingness to completely abide by China’s censorship regulations, which was regarded as a challenge to China’s claim to digital sovereignty. The restriction was seen by the Chinese government as an attempt to reclaim control over the digital sphere.