US blacklists Chinese company on NASDAQ over human rights, shark finning charges

Posted on AllSides December 9th, 2022
From The Center

The Biden administration on Friday announced sanctions against a Chinese company listed on the NASDAQ stock exchange, saying Pingtan Marine Enterprises, Ltd. engaged in “illegal, unreported and unregulated” fishing that contributing to grave human rights abuses. 

Pingtan was one of two companies hit with U.S. sanctions, along with two business officials.

Treasury also named 157 fishing vessels that sail under the flag of the People’s Republic of China (PRC), that are associated with the sanctioned companies and individuals. 

“Treasury condemns the practices of those sanctioned today, which often involve the abuse of human...

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