Hikvision Exits Controversial Xinjiang Contracts Amid Sanctions
- Hikvision has terminated five contracts with local government authorities in Xinjiang, as it braces for the second term of US President-elect Donald Trump, who first put Hikvision on a trade blacklist in 2019.
- The projects have been completed since 2018 and entered a maintenance phase, according to Hikvision.
- The five Hikvision subsidiaries will continue to work on clearing debts and receivables, but will no longer engage in other business activities, the company added.
- Hikvision ended the contracts for its public security projects in the far-western region of China, where local subsidiaries signed the deals with municipal governments in the region in 2017.
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