In the News: U.S. Approves Most Exports to Blacklisted Chinese Firms; Shenzhen-London Connect To Be Established; and Shanghai Companies Can Now Obtain Credit Reports Online

March 08, 2023 | BY

Clarence Lee

The U.S. approved nearly 70% of license applications for exporting goods and technology to blacklisted Chinese firms in 2022; Shenzhen and London Stock Exchanges sign agreement to implement a Shenzhen-London Connect; and online-generated credit reports replace "no illegal record" certificates in Shanghai

Promulgated: 2023-02-27

Jirapong/Adobe Stock

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U.S. Approves Most Exports to Blacklisted Chinese Firms

Reuters reports that the United States government approved 69.9% of export license applications involving China in the 2022 budget year. Over 639 Chinese entities are on the Department of Commerce's trade blacklist, known as the "Entity List." U.S. firms must obtain a license to export goods and technology as required by the Export Administration Regulations.

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