BlackRock invests in about 30 subsidiaries of Chinese defense contractors that have been banned since 2022 by the Treasury Department.
For the last several years, the annual threat assessment report by the Director of National Intelligence has listed China as our scariest rival. They don't use the word 'scary,' but the takeaway is that no one can outcompete the U.S. on every level—economic, financial, soft power, and maybe even militarily —like China. On coveted green technologies like solar, wind and EV batteries, they have us beat in spades and everyone knows it.
On May 1, the Coalition for a Prosperous America, where I work as an analyst, released a report called 'Case Study for Congress: BlackRock & MSCI: How Wall Street's Offshore Companies Fund the CCP & PLA'. The report shows how BlackRock and MSCI, an index provider, enable U.S. investors to easily invest in non-restricted Chinese military companies and companies sanctioned by the government. In addition, BlackRock funds domiciled outside the U.S.
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