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Blackrock Faces Intense Congressional Scrutiny For China Ties

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Topic pages aggregate useful news, archival information, photos, graphics, audio and video published on the topic in The New York Times. A US congressional committee on China is investigating asset management giant BlackRock and index provider MSCI, saying they were facilitating investments into blacklisted Chinese companies, underscoring how tense relations between the two countries are rippling out into corporate America. Read more at The Business Times. BlackRock Closes China Equity Fund After Congressional Scrutiny BlackRock is shutting a China-focused offshore fund amid congressional scrutiny over its alleged role in directing U.S. dollars to blacklisted Chinese firms.

Hong Kong-based conglomerate CK Hutchison is facing intense criticism from Beijing over its ports sale to a BlackRock-led consortium, fuelling speculation as to whether China could take steps to

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BlackRock Inc., MSCI Inc. and other firms are bracing for tighter oversight following a congressional probe over investments in Chinese companies deemed to be national security threats and an Two U.S. congressional committees, the Republican-led House Homeland Security Committee and Select Committee on China, have escalated their scrutiny of Swiss engineering firm ABB. In a letter dated January 16, the committees urged ABB executives to provide testimony and additional details about the company’s operations in China, particularly

BlackRock is closing a China-focused offshore fund amid congressional scrutiny over its alleged role in directing U.S. dollars to blacklisted Chinese firms. The United States is on an unspoken mission to claw back strategic assets from China. This is not a policy that began with the current US administration, nor has it been articulated in a speech or policy document. Instead, this is a pattern of observed behavior driven by growing US anxiety over growing dependencies on China in critical industries and

Congressional Scrutiny: It is worth noting that some of the funds managed by financial giants like BlackRock, Vanguard Group, Fidelity Investments, and DWS Group have drawn congressional attention. Congress is investigating certain types of funds that include investments in China, highlighting the scrutiny surrounding financial engagements in this U.S. investments in about 50 blacklisted Chinese companies is under scrutiny from the House of Representatives Select Committee on the Chinese Communist Party. Congressional oversight is likely to focus on identifying waste in federal spending and misuse of government resources, scrutinizing companies with ties to China, technology practices, financial services supervision, and environmental, social and governance (ESG) and diversity, equity and inclusion (DEI) policies, among other hot-button issues.

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Wei Li Global Chief Investment Strategist, BlackRock Investment Institute Opening frame: What’s driving markets? A special Market take The U.S. has announced tariffs on imports from Canada, Mexico and China – ranging from 10% to 25%. It has also signaled more to come on imports from the European Union. We believe that this represents a sharp escalation in Hong Kong-based conglomerate CK Hutchison Holdings Ltd. is under growing pressure from Chinese authorities over its recent $19 billion port sale to a BlackRock-led consortium. The company’s decision to cancel its upcoming earnings conferences has raised concerns among analysts and investors about potential repercussions from Beijing. BlackRock, the world’s largest asset manager is in hot water with a $20 million lawsuit filed by their former vice president, Hamdan Azhar.

BlackRock is closing a China-focused offshore fund amid congressional scrutiny over its alleged role in directing U.S. dollars to blacklisted Chinese firms. A congressional investigation found that Wall Street used billions of dollars of American retirement savings and other investments to buy shares in index funds that included several blacklisted ABB shares fell after the company confirmed it is facing U.S. congressional scrutiny regarding its ties with Chinese state-owned company Shanghai Zhenhua Heavy Industries and has been invited to provide testimony to lawmakers.

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In recent months, the U.S. academic and research community has been subject to intense scrutiny over ties to China. Even more than the controversial

BLACKROCK, MSCI and other firms are bracing for tighter oversight following a congressional probe over investments in Chinese Recently, the U.S. has been ramping up scrutiny of financial ties and investments in China. In the last weeks, the Committee launched an inquiry to the Ford Motor Company regarding the company’s ties to a battery company in China due to

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BlackRock is closing a China-focused offshore fund amid congressional scrutiny over its alleged role in directing U.S. dollars to blacklisted Chinese firms.

Scrutiny of China’s role in American universities is intensifying on Capitol Hill and becoming one of the most aggressive bipartisan oversight campaigns in Washington.

With a 90 percent share of the A.I. chip market, the company is facing antitrust investigations into the possibility that it could lock in customers or hurt competitors. The US House of Representatives China committee has accused BlackRock and MSCI of profiting from investments that help the Chinese military and undermine American values and security.

A surge in enforcement actions by U.S authorities against professors with academic ties to China at American institutions of higher learning is connected to rising concerns about national security, according to the Department of Justice. Ronak D. Desai, of Paul Hastings LLP, gives examples and steps institutions can take to ensure compliance with federal laws. CK Hutchison, the Hong Kong-based conglomerate owned by billionaire Li Ka-shing, is set to release its 2024 financial results on Thursday as controversy grows over its $19 billion ports sale to a

BlackRock is pouring record amounts of money into U.S. political campaigns this year as the asset-management giant faces mounting scrutiny over its size and advocacy of sustainable investing. A United States congressional committee on China is investigating asset-management giant BlackRock and index provider MSCI, saying they Hong Kong-based CK Hutchison has announced bumper profits from its ports operations as the conglomerate faced criticism from Beijing for a $22.8bn deal with US asset manager BlackRock for most of

Corporations should brace for intense Congressional scrutiny in 2024, with high-profile oversight hearings focusing on ESG policies, China ties, and tech industry practices. ABB shares fell after the company confirmed it is facing U.S. congressional scrutiny regarding its ties with Chinese state-owned company Shanghai Zhenhua Heavy Industries and has been invited to