U.S. House Committee Puts Corporate Giants in the Hot Seat
posted 2 Aug 2023
The U.S. congressional committee on China is conducting an investigation into BlackRock and MSCI, two major asset management and index provider firms.The committee alleges that these companies have been enabling investments into blacklisted Chinese companies, which is causing tensions in the already strained relations between the two countries.The House of Representatives’ claims that BlackRock and MSCI facilitated American capital flow into companies that have been found guilty of supporting China’s military advancements or engaging in human rights abuses.
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