The firms have facilitated American capital flow into the companies the US government had found guilty of fueling China’s military advancement or human rights abuses, the House’s Select…
A congressional committee on China said asset management giant BlackRock and index provider MSCI were facilitating investments into blacklisted Chinese companies.
“With all investments in China and markets around the world, BlackRock complies with all applicable US government laws. We will continue engaging with the Select Committee directly on the issues raised,” BlackRock said.US-China relations are at a crucial juncture Last month, China curbed exports of some metals widely used in the semiconductor industry, in a move it said was aimed at protecting national security.Republicans formed the Select Committee when they took control of the House in January, as part of an effort to convince Americans why they should care about competing with China.
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