The Office of Foreign Assets Control on Monday designated five Chinese entities under the Protecting American Intellectual Property Act of 2022 and added them to the Non-SDN Menu-Based Sanctions List: Qiji Chuangtan Beijing Investment Management Co Ltd, known as MiraclePlus, its Phase I and Phase II renminbi venture capital funds, the related Zhiyuan enterprise management partnership in Beijing, and Shanghai Zhisuan Technology Co Ltd. For each entity, OFAC imposed the same set of measures: blocking of property, a prohibition on United States financial institutions lending more than 10 million dollars in any 12 month period, prohibitions on foreign exchange and banking transactions subject to United States jurisdiction, and a ban on United States persons investing in or purchasing significant amounts of the entity’s equity or debt. OFAC also issued associated general licenses alongside the designations.
OFAC designates five Chinese entities under intellectual property act
The Office of Foreign Assets Control on Monday added five Chinese entities to its Non-SDN Menu-Based Sanctions List under the Protecting American Intellectual Property Act of 2022, including the Beijing venture firm MiraclePlus and its two renminbi funds.
Why it matters: The designations block the entities' property, bar United States investment in their equity or debt, and cut them off from United States banking and foreign exchange transactions, extending Washington's intellectual property sanctions from individuals to a Chinese venture capital manager and its funds.
Data as of OFAC recent action notice, October 19, 2026, read in full. Single primary source, hence grade B. Associated general licenses were issued with the designations, per the notice title; the licence texts were not reproduced in the notice as read. Developing item.
Sources
- Protecting American Intellectual Property Act of 2022 (PAIPA) Designations; Issuance of Associated General Licenses · Office of Foreign Assets Control, U.S. Department of the Treasury · 2026-10-19