An Oct. 21 university procurement result listed two H200 cards at 437,350 yuan each, while a much larger inventory awaited shipment from Hong Kong.
By late October, a mainland China quote for the server was roughly triple its year-earlier level. The figure was a quote for the eight-chip server, not confirmation that a sale took place. Hong Kong's H200 inventory is about 600,000 chips and awaits onward shipment; Beijing has yet to authorize imports at scale.
Reported mainland arrivals have been limited: major Chinese internet firms each received around 10,000 H200 chips, and intermediaries moved smaller amounts. The Hong Kong stock represented a much larger pool than any one reported company allocation.
The situation involves two approval systems. U.S. authority to export a chip does not amount to China's separate permission to import it, so a U.S. license alone would not establish that the Hong Kong inventory could enter the mainland.
The U.S. Bureau of Industry and Security (BIS) said Jan. 13, 2026, that applications to export H200 and certain comparable chips to China could be reviewed individually under specified conditions. Those include assurances about U.S. supply and security, third-party testing, and protections against remote access by prohibited parties. Each application remains subject to individual review.
Washington's H200 policy had shifted before that: U.S. rules first blocked exports to China, then the Trump administration opened sales to Chinese customers approved to buy the chips. That change addressed the export side; Chinese import approval remained a separate matter.
An Oct. 21 procurement result at Northwestern Polytechnical University named Shaanxi Bosuan Network Technology as supplier for two H200 141G PCIe data-center cards at 437,350 yuan apiece. The result did not confirm delivery or identify where the cards came from, as described in an earlier EconoTimes report on the university's H200 procurement. Those individual-card listings do not establish the origin of the Hong Kong inventory or confirm a sale of the quoted server.
