House Select Committee on China Investigating BlackRock and MSCI, Inc.

Objectivity 4.8 | Credibility 4.8 | Relevance 4.7

The House Select Committee on the Chinese Communist Party is launching a probe into BlackRock, the world’s largest assess management company, in regards to U.S. capital flowing into the People’s Republic of China. In a letter Monday to BlackRock, the committee asserted that the company has invested more than $429 million in Chinese companies “that pose national security risks to and act directly against the interest of the United States.” The committee also launched a similar probe into MSCI, Inc., a prominent stock market index-compiler, over accusations of facilitating investment into corporations connected to the Chinese Communist Party.  BlackRock told Fox Business, “With all investments in China and markets around the world, BlackRock complies with all applicable U.S. government laws. We will continue engaging with the Select Committee directly on the issues raised.”