China

On March 19, 2013, China BlueChemical Ltd was added to the Florida State Board of Administration List of Prohibited Investments (Scrutinized Companies) due to its involvement in Iran. As of March 9, 2021, China Bluechemical Ltd remains on the SBA list of prohibited investments. 

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"The company was identified as a subsidiary of China National Offshore Oil Corporation (CNOOC). The parent company, CNOOC, has made statements that it and its affiliates and subsidiaries may be involved in countries under U.S. sanctions. Further, CNOOC has been identified as having drilling and other related operations in Iran. In May of 2011 the CalPERS Investment Committee approved divestment from the company."

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In June 2020, China Bluechemical was listed by the Connecticut Office of the Treasurer as a restricted company and therefore prohibits direct investment in the company due to its involvement in Iran. 

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In 2020, the U.S. state of Mississippi listed China Bluechemical on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering China Bluechemical ineligible for investment and/or state contracting.

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In 2013, one of CalSTRS' external managers purchased shares of China Blue Chemical Ltd. CalSTRS initiated a review of the company and designated it as "Divested and Restricted." CalSTRS has maintained the "Divested and Restricted" status in 2020. 

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China Bluechemical is listed on the June 4, 2019 and July 12, 2019 Florida State Board of Administration list of prohibited investments (Scrutinized companies) for Iran related business.

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China Bluechemical Ltd is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

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China BlueChemical Ltd is listed on the CalPERS November 2018 Iran Divested/Restricted companies list.

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China Bluechemical Ltd is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

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China Bluechemical Ltd is listed on the December 31, 2018 CalSTRs Portfolio of companies identified as possibly having ties to Iran and from which CalSTRs has divested from and restricted in 2018.

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In 2017, the states of Alaska, California, Connecticut, Florida, Georgia, Mississippi, Ohio, South Dakota and Texas  listed China Blue Chemical Ltd. on its Iran scrutinized companies list rendering China Blue Chemical ineligible for investment and/or state contracting.

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In 2013, ChinaBlue Chemical was listed on the Texas Pension Review Board List of Scrutinized Companies doing business in Iran pursuant to Chapter 807.054, Government Code. 

As of March 9, 2021, Anton Oilfield Services Group remained on the Florida SBA List of Continued Examination Companies with Petroleum Energy Activities in Iran. 

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As of December 2020, Rhode Island continues to list Anton Oil as an Iran scrutinized company for active involvement of at least $20-50 million in Iran's energy sector.

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 In 2020, the U.S. state of Mississippi listed Anton Oilfield Services on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering ADKL ineligible for investment and/or state contracting.

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"The company has been identified as potentially providing oil and gas field equipment in Iran. In 2019 CalPERS designated the company as under review. In 2020 CalPERS changed the designation to “being monitored” because CalPERS’ initial screening has not identified the company as having involvement in the regions and/or activities targeted by the Act. CalPERS continues to monitor the company for possible changes in status relevant to the Act."

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"Anton Oilfield Services was identified as potentially providing oil and gas oilfield equipment to Iran. In 2018, CalSTRS identified Anton Oilfield Services as potentially having ties to Iran and began the review process. In 2019, CalSTRS removed Anton Oilfield Services as it no longer held any of the company’s securities and subsequently restarted the review after shares were acquired. In 2020, CalSTRS removed Anton Oilfield Services as it no longer held any of the company’s securities."

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As of May 28, 2020, the Florida State Board of Administration (“SBA”) continues to list Anton Oil on its list of “Continued Examination Companies with Petroleum Energy activities in Iran.”  The SBA continued examination category is defined as “At least one External Research Provider indicates that a company meets the classification of a Scrutinized Company as defined by the PFIA as set forth in Section 215.473, (1)(5)1., 2., or 3, Florida Statues [Sudan] or Section 215.473(t)1, Florida Statute [Iran]. In other words, the External Research Providers do not agree on the status of a company and the SBA is unable to definitively categorize the company’s activities as scrutinized without further research to resolve the differences. For companies classified as “Continued Examination,” the SBA will begin an engagement process to clarify each firm’s current business relationships.” 
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As of December 31, 2019, the Alaska Retirement Management Board lists Anton Oil as a company doing material business with Iran.  

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In 2018, the California State Teachers Public Employees Retirement System (“CalSTRS”) identified Anton Oil as potentially having ties to Iran for providing oil and gas oilfield equipment to Iran and began the review process. In 2019, CalSTRS removed Anton Oil as it no longer held any of the company’s securities and subsequently restarted the review after shares were acquired. 

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Anton Oilfield Services is listed on the 2019 Rhode Island list of businesses doing business with Iran. 

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On March 13, 2019, the Mississippi Department of Finance & Administration identified Anton Oil as a company “engaged in investment activities in Iran, providing funds, goods or services valued at $20,000,000 or more in the energy sector of Iran.”
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Anton Oilfield Services is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

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Anton Oilfield Services is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

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In December 2018 Florida listed Anton Oilfield Services on its continued examination list of companies with petroleum energy activities in Iran.

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Anton Oilfield Services was identified as potentially providing oil and gas oilfield equipment to Iran. In 2018, CalSTRS identified Anton Oilfield Services as potentially providing oil and gas oilfield equipment to Iran and began the review process.

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In 2017, the U.S. state of Alaska, Florida, Rhode Island, South Carolina and Tennessee listed Anton on their state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Anton ineligible for investment and/or state contracting.

"CRRC Corp. reportedly supplies transportation products to Iran through a contract with Iran's state-owned Industrial Development & Renovation Organization. In 2020, CalSTRS identified CRRC Corp. as potentially having ties to Iran and began the review process."

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Chinese rolling stock company, CRRC Nanjing Puzhen, signed a deal with Iran’s Industrial Development and Renovation Organization (IDRO) on Wednesday for financing the joint manufacturing of subway wagons in Iran. Based on the contract, the Chinese side is going to collaborate with an Iranian company called Wagon Pars Arak in Markazi Province to build 450 wagons, IRNA reported. “China’s Puzhen to finance manufacturing subway wagons in Iran,” Tehran Times (Iran), March 7, 2018.

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Feb 2017 – “CRRC Changchun Railway Vehicles Co will supply 100 subway cars for Metro Line 2 in Mashhad, the second-biggest city in Iran in May, the company told China Daily on Thursday.”

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"CRRC Changchun Railway Vehicles Co will supply 100 subway cars for Metro Line 2 in Mashhad, the second-biggest city in Iran in May, the company told China Daily on Thursday. As a subsidiary of China Railway Rolling Stock Corp Ltd, the country's railway vehicle and equipment maker and exporter, CRRC Changchun completed trial operations of the Mashhad metro line this month. The 100 subway cars will be formatted in five sets, said the media office of CRRC Changchun. CRRC Changchun said that Metro Line 2 in Mashhad is just one aspect of the company's business in the country. It already started to ship subway cars to Iran in 2016 after it signed a $1.39 billion contract to supply 1,008 subway cars to Teheran, the Iranian capital, over a five-year period. Iran plans to open 30 urban rail lines in nine cities over the next five years, with a total length of 350 kilometers. The demand for rail vehicles is expected to reach 2,000 subway cars." (China Daily, "CRRC to Supply Iranian City with 100 Subway Cars," 2/24/2017).

State-owned China Railway Engineering Corp is building a 415 km (260 mile) high-speed north-south rail line between Tehran and Isfahan via Qom, while China Railway Construction (1186.HK) 601186.HK Corp in January said one of its units had won a 3.53 billion yuan contract to build a railway between Kermanshah and Khosravi. (3/20/2018).

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In 2016, CalSTRS designated China Railway Group as “Under Review” for potentially having ties to Iran. In 2017, CalSTRS designated China Railway Group as “Being Monitored” and maintained that designation in 2018. In 2016, news reports indicated China Railway Group signed a $2 billion investment agreement, including the construction of a 350,000 ton smelter, a 500 megawatt power station and an anode project.

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"The company signed another deal in July 2018 with Iran’s Ahvaz Municipality to build the city’s second subway line, according to an Iranian press report." (“Chinese, French, Italian firms sign MoUs to develop projects in southwestern Iran,” Trend News Agency (Azerbaijan), July 9, 2018.)

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"Italferr, a unit of Italy's Gruppo FS Italiane, said in March 2016 it had signed a four-month, 700,000 euro consultancy contract with Iran's state railway entity on a high-speed rail line. Iranian officials have said Khatam al-Anbiya, an IRGC subsidiary sanctioned by the United States, is the Iranian contractor on the project. Italferr named only Chinese company China Railway Engineering Corp. (CREC) as the contractor, and did not mention Khatam al-Anbiya. Officials with Italferr, CREC, and Khatam al-Anbiya did not respond to requests for comment. The IRGC declined to comment.($1 = 0.9362 euros)." (Reuters,  "Post-Sanctions Deals with Iranian Firms Linked to Khamenei," 1/19/2017).

"ICBC supramax stuck in Iran as sanctions loom - Officials of giant Chinese bank’s shipping department work to secure the release of detained vessel and avoid possible exposure to US measures." (Tradewinds, "ICBC supramax stuck in Iran as sanctions loom," 10/30/2018).

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Last month, Iranian media had reported about similar restrictions by Chinese major banks including Agriculture Bank of China and Industrial and Commercial Bank of China (ICBC). However, based on a report by Mehr News Agency, the measures by Chinese banks had nothing to do with the U.S. sanctions. (Radio Farda, "Chinese and Asian Banks Curtailed Ties to Iran - Iranian Official," 11/16/2017).

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Subsidiary of Central Hujin Investment.

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Officials from the Industrial and Commercial Bank of China, the world’s largest bank by total assets and market capitalization, has held talks with the Central Bank of Iran in recent weeks to discuss the procedure of starting operations in Iran, a CBI official said on Friday. “ICBC is earnestly pursuing plans to enter Iran…We are waiting for the Chinese bank to submit the documents…even the location for the bank's presence has been decided ,” Hussein Yaqoubi, CBI deputy for international affairs was quoted as saying by  IBENA, a news website close to the bank. “The Chinese bank’s presence in Iran will be a major step in reviving [Iran's] banking creditably at the international level,” he said. (Financial Tribune,  "Banking Giant ICBC Seeking Iran Access," 12/3/2016

"According to a report by IFP, the International Renewable Energies Conference will be held on December 6-8 with the support of Iranian Vice-Presidency for Science and Technology. More than 70 European and Asian reputable firms in the fields of wind, solar, geothermal and biomass energies will partake in this conference. These companies are from such countries as Germany, Denmark, England, France, Italy, Spain, Austria, China, and Norway. Given the presence of such leading firms as Vestas, nVision, Huawei, Goldwind, Lahmayer, Turboden and FaroWind, as well as reputable global investment companies, this conference will use the opportunity to show Iran’s domestic capacities to foreign firms and investors." (Iran Front Page, "70 European and Asian Firms to Attend Iran's Renewable Energies Conference," 12/6/2016).

"A Hong Kong business delegation visited the Iranian capital Tehran this week to explore new business opportunities arising from the Belt and Road Initiative. It is the city’s first official delegation since the United Nations lifted sanctions against Iran in January this year. Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) John Tsang led more than 30 business leaders from finance, information and communications technology, infrastructure and real estate services and logistics sectors to Iran from 7 to 10 November. The delegation was jointly organised by the by the HKSAR Government and the Hong Kong Trade Development Council (HKTDC). Among them were Vice Chairman and Chief Executive of Bank of China (Hong Kong) Limited Yue Yi, Executive Director of China State Construction International Holdings Limited Danny Hung, Chairman of Airport Authority Hong Kong Jack So and the President of the Hong Kong University of Science and Technology Professor Tony Chan." (Hong Kong Trade Development Council, "First Government-led Hong Kong Delegation Visits Iran," 11/11/2016).

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In a speech at the Hong Kong-Iran Business Cooperation Forum, Financial Secretary Mr. John C Tsang discussed business with iran and further strengthening the co-operatiion between Hong Kong and Iran. (7th Space Interactive, "Speech by FS at Hong Kong-Iran Business Co-operation Forum," 11/9/2016).

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"U.S. officials also considered blacklisting two of China’s largest lenders—China Construction Bank and Agricultural Bank of China—alongside Bank of Dandong in 2017, but shelved the plan for fear of severely damaging the global financial system, sources told Bloomberg last year." (ACAMS, "Banks Reassess Exposure to China Amid Rising Tensions: Sources," 4/1/2019). 

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In the summer of 2017 reports of banking restrictions for Iranian nationals surfaced when some Iranian expatriates said their accounts with AG Bank had been closed. However, on January 31, 2018, Chairman of the Iran-China chamber of commerce said the issue was resolved.

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"Since May, four major state-owned Chinese banks - the Bank of China (BOC), the China Construction Bank (CCB), the Agricultural Bank of China (ABC), and the Industrial and Commercial Bank of China (ICBC) - have been declining issuance of letters of credits (LCs) on transactions involving cargoes possibly originating in Iran, they said." (ICIS, "China's Iran petchem imports at risk," 7/7/2017).

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"China’s third-largest lender tried to obscure the trail of dollar transactions by Russian, Chinese and Middle Eastern clients and attempted to silence a compliance officer who raised alarms about it, according to New York’s banking regulator. State-controlled Agricultural Bank of China was ordered to pay a $215 million penalty and install an independent monitor for 18 months to oversee the establishment of compliance controls, New York State’s Department of Financial Services said in a consent order Friday... Some invoices appeared to be counterfeited or falsified, the compliance staff said, including dollar transactions apparently involving an Iranian party under U.S. sanctions. Some of these transactions were sent through the global interbank-messaging system, the Society for Worldwide Interbank Financial Telecommunication, using coded messages that masked client identities to avoid DFS screening, according to the consent order." (Bloomberg News, "China's AGBank Fined $215 Million for Hiding Transactions," 11/4.2016).

"A Hong Kong business delegation visited the Iranian capital Tehran this week to explore new business opportunities arising from the Belt and Road Initiative. It is the city’s first official delegation since the United Nations lifted sanctions against Iran in January this year. Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) John Tsang led more than 30 business leaders from finance, information and communications technology, infrastructure and real estate services and logistics sectors to Iran from 7 to 10 November. The delegation was jointly organised by the by the HKSAR Government and the Hong Kong Trade Development Council (HKTDC). Among them were Vice Chairman and Chief Executive of Bank of China (Hong Kong) Limited Yue Yi, Executive Director of China State Construction International Holdings Limited Danny Hung, Chairman of Airport Authority Hong Kong Jack So and the President of the Hong Kong University of Science and Technology Professor Tony Chan." (Hong Kong Trade Development Council, "First Government-led Hong Kong Delegation Visits Iran," 11/11/2016).

In 2019 Beiqi Foton was listed on the Texas Comptroller List of Companies Engaging in Scrutinized Business Operations in Iran.  

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"Iran’s largest auto producer Iran Khodro has launched a new version of its Diesel Tunland off-road pickup truck this week with improved technology, according to the IKCO press website. Tunland is derived from a deal between IKCO and China’s Foton which sells a close copy of the Toyota Hilux pickup truck in several markets including Australia and New Zealand." (May 2017).

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Beiqi Foton Motor Co., Ltd. (“FOTON”), a subsidiary of BAIC Motor Corp. Ltd., was included among the list of “Partners, Sponsors & Participants” at the 4th Iran Automotive Industry International Conference in Iran (“IAIIC”), which took place at the International Conference Center in Tehran’s Milad Tower on February 12-13, 2017. (IAIIC, “4th Iran Automotive Industry International Conference”).

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Foton Motor Co., Ltd is listed as a participating company at the 14th International Exhibition of Transportation & Urban Services & Related Industries which takes place October 27-30th, 2016 in Tehran Iran. (Participating International Companies)