BlackRock, MSCI Probed by US Lawmakers Over China Investment
- Committee cites firms’ investment in blacklisted companies
- BlackRock, MSCI asked to supply information by mid-August
The US House Select Committee on Strategic Competition between the United States and the Chinese Communist Party.
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A US congressional committee is investigating BlackRock Inc. and MSCI Inc. for allegedly helping to facilitate American investment into Chinese companies that the government has blacklisted for human rights abuses and aiding the military.
The House Select Committee on the Chinese Communist Party demanded information by mid-August from BlackRock about the inclusion of Chinese companies in its mutual and other funds, according to a letter the panel sent on July 31 to BlackRock Chief Executive Officer Larry Fink.