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EXHIBIT 14


                                CODE OF ETHICS OF
                     AMERICAN ORIENTAL BIOENGINEERING, INC.
                 APPLICABLE TO DIRECTORS, OFFICERS AND EMPLOYEES

To promote the ethical conduct and integrity generally of the company, and to
promote accurate, fair and timely reporting of our company's financial results
and condition and other information we release to the public market and include
in reports we file with the SEC, all directors, officers and employees of the
company are bound by the following Code of Ethics, under which each agrees that
he or she shall:

>>       Act with honesty and integrity, avoiding actual or apparent conflicts
         of interest in personal and professional relationships, including
         disclosure to the Chairperson of the Audit Committee of any material
         transaction or relationship that reasonably could be expected to give
         rise to such a conflict.

>>       Be prohibited from: personally taking advantage of business
         opportunities that are discovered through the use of corporate
         property, information or his or her position with the company; using
         corporate property, information or his or her position for personal
         gain; or competing against the company while an employee.

>>       Provide information within the scope of his or her duties in a manner
         which promotes full, fair, accurate, timely and understandable
         disclosure in reports and documents that the company files with, or
         submits to, government agencies and in the company's other public
         communications.

>>       Comply with rules and regulations of foreign, federal, state,
         provincial and local governments, and other appropriate private and
         public regulatory agencies, including insider trading laws.

>>       Act in good faith, responsibly, with due care, competence and
         diligence, without misrepresenting material facts or allowing one's
         independent judgment to be subordinated.

>>       Respect the confidentiality of information acquired in the course of
         one's work except when authorized or otherwise legally obligated to
         disclose it, and not use confidential information acquired in the
         course of one's work for personal advantage.

>>       Proactively promote and be an example of ethical behavior.

>>       Achieve responsible use of and control over all assets and resources
         employed or entrusted.

>>       Promptly report to the Chairperson of the Audit Committee any conduct
         that the individual believes to be or would give rise to a violation of
         law or business ethics or of any provision of this Code of Ethics or
         the company's general Code of Conduct.

It is against the company's policy to retaliate against any employee for good
faith reporting of violations of this Code. Violations of this Code of Ethics,
including failures to report potential violations by others, will be viewed as a
severe disciplinary matter that may result in personnel action, including
termination of employment. Any waiver of this Code for executive officers or
directors may be made only by the board of directors or an authorized committee
of the board of directors and must be promptly disclosed to stockholders.

If you believe that a violation of the Code of Ethics has occurred, please
contact the Chairperson of the Audit Committee.


Dated:   November 8, 2005