Americans are ‘unwittingly funding’ blacklisted Chinese companies, Congressional panel says

By News on the Net -- CNN BUSINESS —— Bio and Archives August 11, 2023

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A Congressional select committee is investigating BlackRock, the world’s largest asset manager, and MSCI, one of the biggest providers of index funds, to determine whether they are investing Americans’ savings in Chinese companies blacklisted by the US government for security and human rights issues.

The Select Committee on the Chinese Communist Party of the US House of Representatives sent letters to BlackRock (BLK) CEO Larry Fink and MSCI CEO Henry Fernandez on Monday notifying both parties that it is investigating their investments in certain Chinese companies, according to documents reviewed by CNN. ---More...