Business Brief (June 5): China Criticizes Latest U.S. Chip Export Controls

Published: Jun. 5, 2026 2:14 p.m. GMT+8

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China criticizes latest U.S. chip export controls

China's Ministry of Commerce stated that the U.S. is abusing export controls under the guise of national security to close so-called regulatory loopholes. This severely harms the legitimate rights of Chinese companies, disrupts international trade order and destabilizes the global semiconductor supply chain, the ministry said. The response came after the U.S. ‌Department of Commerce issued a guidance that would close a loophole allowing advanced AI chip exports to Chinese firms abroad.

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China criticizes U.S. chip export controls as abuse harming Chinese firms and disrupting global semiconductor supply chain.
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Who’s Who

Tencent: Tencent's WeChat is collaborating with major smartphone makers—Huawei, Honor, Xiaomi, Oppo, and Vivo—to launch an agent-to-agent AI assistant. This feature lets users initiate audio/video calls or send messages through their phone's native voice assistant.

Huawei: Huawei is partnering with Tencent's WeChat, along with other smartphone makers like Honor, Xiaomi, Oppo, and Vivo, to launch an agent-to-agent assistant feature. This allows users to make WeChat audio/video calls or send messages via their phone's native voice assistant.

Honor: Honor is collaborating with Tencent's WeChat, alongside other major smartphone makers like Huawei, Xiaomi, Oppo, and Vivo, to launch an agent-to-agent assistant feature. This allows users to initiate WeChat audio/video calls or send messages via their phone's native voice assistant.

Xiaomi: Xiaomi is collaborating with Tencent's WeChat and other smartphone makers like Huawei, Honor, Oppo, and Vivo to launch an agent-to-agent assistant feature. This allows users to initiate WeChat audio/video calls or send messages via their phone's native voice assistant.

Oppo: Oppo, one of China's major smartphone manufacturers, is collaborating with Tencent's WeChat on an AI agent-to-agent assistant feature. This integration allows users to initiate WeChat audio/video calls or send messages via the phone's native voice assistant.

Vivo: The article mentions that WeChat is collaborating with major smartphone manufacturers, including Vivo, to launch an agent-to-agent assistant feature. This allows users to initiate WeChat audio/video calls or send messages via their phone's native voice assistant.

Futu Holdings: Futu Holdings, an online brokerage, will suspend buying and opening positions for all trading products in mainland China accounts starting June 12. Closing positions will remain unaffected.

WeRide: WeRide (文远知行), a Chinese autonomous driving company, was added by the Shenzhen Stock Exchange to the list of eligible securities for the Hong Kong Stock Connect program, as reported in a recent news summary.

Pony.ai: Pony.ai, a Chinese autonomous driving company, was added by the Shenzhen Stock Exchange to the list of eligible securities for the Hong Kong Stock Connect program, alongside WeRide. This inclusion allows investors to trade its shares through the connect program.

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