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The Impact of Recent US Financial Institution Sanctions on Chinese Financial Institutions and Suggestions for Response

The impact of US Presidential Executive Order No 14114 on Chinese financial institutions

On 22 December 2023, the President of the United States signed Executive Order No 14114 to amend Executive Order No 14024 and Executive Order No 14068.

1. Trends and Overview

1.1 Sanctions Market

In the past 12 months, the sanctions sector has undergone significant changes and growth, with a notable increase in US sanctions imposed on Chinese companies. This surge reflects the escalating geopolitical tensions between the US and China. The US has broadened its scope of sanctions to include more…