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US Department of Commerce puts seven Hong Kong companies on warning list

US Department of Commerce puts seven Hong Kong companies on warning list

The US Department of Commerce has put seven Hong Kong companies on an “unverified list” that urges US companies to exercise extra caution when doing business with them.

They were included in the latest US Federal Register issued on Thursday, alongside 37 Chinese companies and schools.

The seven Hong Kong companies include: Able Supply Chain Ltd, Boson Technology Co Ltd, HK Hengyu Storage Logistics Ltd, Ling Ao Electronic Technology Co Ltd, Rising Logistics Company Ltd, Swelatel Technology Ltd, and Universe Market Ltd.

According to Hong Kong Company Registry records, directors of five of the seven companies listed their residential addresses in the mainland. The directors of the five companies also used Mandarin pinyin for their names.

Some of the companies have suspended operations or have had their registrations cancelled.

In total, there were 64 Hong Kong companies on the list, the highest number compared to any other country.

Tech concerns

IT sector lawmaker Charles Mok said the US move reflected concerns over the export of technology.

“[The US] is particularly sensitive over export controls on technology,” he said on Thursday. “When US lawmakers visited Hong Kong a year or two ago, they specifically raised concerns over cases of some Hong Kong companies exporting products to countries under export control, such as North Korea.”

Hong Kong’s Commerce and Economic Development Bureau said the government has been strictly exercising trade controls on strategic goods.

It said law enforcement agencies would be unbiased and investigate any cases of suspected violations. They will also work with the US and other trade partners if necessary, the bureau said.