美国因安全威胁将 27 家公司列入黑名单

   美国商务部工业和安全局 (BIS) 近期表示，出于国家安全考虑，美国已将 27 个外国实体列入黑名单，其中 12 个来自中国。
BIS在联邦公报上发布的规则中指出：“在此最终规则中，BIS 修改了出口管理条例 (EAR)，将 27 个实体添加到实体清单中。这 27 个实体已被美国政府认定为违反国家安全或外交政策美国的利益，”BIS在联邦公报上发布的规则中说。除了这 12 家中国实体外，该名单还包含来自日本、巴基斯坦和新加坡的实体，以及 1 家俄罗斯实体。
       该名单包括中国嘉兆科技有限公司（一家于 2019 年被列入黑名单的实体）在中国、新加坡和日本的三个附属公司。
       以上事实不难看出拜登政府上台以来并未放松前任政府实施的相关管制政策，制裁理由空间极大，并不排除缺乏法律依据的可能。中国公司，特别是科技类公司应保持高度警惕，积极准备，认真研究、实施合规措施。这样一则能未雨筹谋防患于未然，建立公司全员合规意识；二则即便遭遇可能的制裁，也能及时提交可靠证据自辩清白，使公司脱离制裁名单。
       长期以来，德恒纽约办公室专业致力于服务于各大型海外企业的美国合规业务，并与美国华府顶尖律所一直保持密切合作，多次成功完成了客户交付的各类法律服务工作。同时德恒纽约陈小敏律师多年来一直担任中国美国总商会法律顾问一职，熟知各方最新政策及动向。我们将再接再厉，为各企业实体在实施跨境合规策略的过程中提供专业而又可靠的法律服务。
              U.S. BLACKLISTS 27 COMPANIES DUE TO SECURITY THREATS
The Bureau of Industry and Security (BIS) of the US Department of Commerce recently stated that for national security reasons, the US has blacklisted 27 foreign entities, 12 of which are from China.
BIS stated in the rule published in the Federal Register: “In this final rule, BIS amended the Export Administration Regulations (EAR) and added 27 entities to the list of entities. These 27 entities have been identified by the U.S. government as violating countries. Security or foreign policy the interests of the United States," BIS said in the rules published in the Federal Register. In addition to these 12 Chinese entities, the list also includes entities from Japan, Pakistan, and Singapore, as well as one Russian entity.
The list includes three subsidiaries of China Jiazhao Technology Co., Ltd. (an entity that was blacklisted in 2019) in China, Singapore, and Japan.
The above facts are not difficult to see that the Biden administration has not relaxed the relevant control policies implemented by the previous government since it came to power. There is huge room for sanctions and the lack of legal basis is not ruled out. Chinese companies, especially technology companies, should maintain a high degree of vigilance, actively prepare, and earnestly study and implement compliance measures. In this way, we can plan to prevent problems before they happen, and establish the awareness of compliance for all employees of the company; second, even if they encounter possible sanctions, they can submit reliable evidence in time to defend themselves and get the company out of the sanctions list.
For a long time, DeHeng New York office has been dedicated to serving the American compliance business of various large overseas companies, and has maintained close cooperation with top law firms in Washington, D.C., and has successfully completed various legal services delivered by clients many times. At the same time, DeHeng New York Attorney Xiaomin Chen has been serving as the legal counsel of CGCC for many years, and he is familiar with the latest policies and trends of all parties. We will make persistent efforts to provide professional and reliable legal services for various corporate entities in the process of implementing cross-border compliance strategies.


 

             
               美国证券交易委员会发布致中国公司的信函样本
     
    2021年12月20日，美国证券交易委员会公司财务部发布《致中国公司函样本》。他们认为最近的事件凸显了投资于设在中国或大部分业务在中国的公司(中国公司)的相关风险。公司财务部认为，对于这些风险的更突出、更具体、更有针对性的披露，以及公司具体使用可变利益实体(VIE)结构，有权向投资者提供作出明智投资决策所需的信息，并使公司遵守联邦证券法规定的披露义务。鉴于这些担忧，该部门正向中国公司发表意见，要求披露与中国公司有关的法律和经营风险的更具体和突出的信息。
       该部门的意见集中于明确和突出披露公司结构的必要性，包括进行发行的实体和进行经营活动的实体之间的关系，与公司使用VIE结构相关的风险，如果这种结构被禁止，或合同被确定为不可执行，将对公司的运营和投资者的利益产生潜在影响。该部门的评论还关注了在中国投资公司可能面临的额外法律、监管和执法风险，例如《外国控股公司问责法》(Holding Foreign Companies accountability Act)和相关规定的潜在影响，以及中国公司在经营其业务或向外国投资者提供证券时可能需要获得的任何必要的中国许可。
      说明性样本信包括有样本意见，根据具体事实和情况，该部门可向中国公司发出样本意见。敦促各公司在拟备披露文件时，会考虑这些样本意见和在这些方面的相关监管情况。    
       SEC published Sample Letter to China-Based Companies
On Dec 20, 2021, Division of Corporation Finance of SEC publish Sample Letter to China-Based Companies. Recent events have highlighted the risks associated with investing in companies that are based in or that have the majority of their operations in the People’s Republic of China (China-based companies). The Division of Corporation Finance believes that more prominent, specific, and tailored disclosure about these risks, and companies’ use of the variable interest entity (VIE) structure specifically, is warranted to provide investors with the information they need to make informed investment decisions and for companies to comply with their disclosure obligations under the federal securities laws.
In light of these concerns, the Division is issuing comments to China-based companies seeking more specific and prominent disclosure about the legal and operational risks associated with China-based companies. The Division’s comments focus on the need for clear and prominent disclosure regarding the structure of the company, including the relationship between the entity conducting the offering and the entities conducting the operating activities, risks associated with a company’s use of the VIE structure, and the potential impact on the company’s operations and investors’ interests if such structure were disallowed or the contracts were determined to be unenforceable. The Division’s comments also focus on additional legal, regulatory, and enforcement risks that may apply to investments in China-based companies, such as the potential impact of the Holding Foreign Companies Accountable Act and related rules and any necessary PRC permissions a China-based company may need to operate its business or offer securities to foreign investors.
The illustrative sample letter contains sample comments that, depending on the particular facts and circumstances, the Division may issue to China-based companies. The Division urges companies to consider these sample comments and additional regulatory developments in this area as they prepare their disclosure documents. 
       

     THE SEC FINALIZES THE FILING AND DISCLOSURE REQUIREMENTS

                 IN THE FOREIGN COMPANY ACCOUNTABILITY ACT

 The U.S. Securities and Exchange Commission (SEC) said on December 2, 2021 that it had adopted an amendment to finalize the filing and disclosure requirements in the Holding Foreign Companies Accountable Act.  

 The SEC finalizes the filing and disclosure requirements in the Foreign Company Accountability Act. Companies with annual audit reports issued by a certified public accountant firm located in a foreign jurisdiction must submit documents to the SEC proving that it is not owned or controlled by a government entity within the foreign jurisdiction where the accountant firm is located.

The final plan of the "Foreign Corporate Liability Act" requires foreign companies to disclose their accounts to the US government, otherwise they may be delisted from the New York Stock Exchange and the Nasdaq Stock Exchange within three years.

This new regulation may result in the removal of more than 200 companies and make some Chinese companies less attractive to investors. In fact, the US government has required inspections of foreign listed companies' accounts since 2002, but China and Hong Kong are the only regions that do not allow inspections of accounts. This new rule of the US SEC aims to ensure that foreign companies listed in the United States, especially Chinese companies, abide by the rules of the United States. U.S. regulators worry that the lack of U.S. oversight will put investors at risk.

The rule will also require Chinese entities listed in the United States through a tool called variable interest entity (VIE) to enhance information disclosure.

                           美证监会最终确认《外国公司问责法案》

       美国证券交易委员会 (SEC) 于 2021 年 12 月 2 日表示，已通过一项修正案，以最终确定《外国公司责任法》中的备案和披露要求。

       SEC 最终确定了《外国公司责任法》中的备案和披露要求。由位于外国司法管辖区的注册会计师事务所出具年度审计报告的公司必须向美国证券交易委员会提交文件，证明其不为会计师事务所所在外国司法管辖区的政府实体所有或控制。

       外国公司责任法案》的最终方案要求外国公司向美国政府披露其账目，否则可能在三年内从纽约证券交易所和纳斯达克证券交易所退市。

       这项新规定可能会导致 200 多家公司被淘汰，并使一些中国公司对投资者的吸引力降低。事实上，美国政府从2002年就开始要求对外国上市公司的账目进行检查，但中国和香港是唯一不允许进行账目检查的地区。美国证券交易委员会的这项新规定旨在确保在美国上市的外国公司，特别是中国公司，遵守美国的规定。美国监管机构担心美国缺乏监管将使投资者面临风险。

该规则还将要求在美国上市的中国实体通过一种称为可变利益实体（VIE）的工具加强信息披露。