The US banned imports from about 37 companies spanning the textile, mining, and solar energy sectors on allegations of abuse against the Uyghur population in western China, Reuters reported Tuesday.
Huafu Fashion (SHE:002042) and 25 of its subsidiaries were among those targeted due to forced-labor allegations, the report said.
Nasdaq-listed Donghai JA Solar and Hongyuan Green Energy (SHA:603185), which sources polysilicon from the Xinjiang Uyghur region, as well as Zijin Mining (HKG:2899, SHA:601899) were also part of the ban, the report said.
Following the additions, there are now 144 companies facing sanctions following the signing of the Uyghur Forced Labor Prevention Act in 2021, according to the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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