: House panel’s probe into BlackRock and MSCI’s approach to China ignores other companies doing the same thing, expert says

by | Aug 2, 2023 | Stock Market

A House committee is investigating two U.S. financial giants for allegedly investing or enabling the investment of American capital into Chinese companies that strengthen Beijing’s military and facilitate human-rights abuses, but other companies also could draw such scrutiny, according to one expert. The House Select Committee on the Chinese Communist Party on Tuesday announced a probe into BlackRock Inc. BLK and MSCI Inc. MSCI. BlackRock, the parent company for iShares ETFs, is the world’s largest asset manager, with $9…

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