--- BlackRock and MSCI Face Congressional Investigation Over Investments in Blacklisted Chinese Military Companies
A Congressional select committee is investigating BlackRock, the world's largest asset manager, and MSCI, one of the biggest providers of index funds, for their investments in Chinese military companies that have been blacklisted by the United States. Americans' retirement funds are unwittingly fueling these Chinese firms, which the U.S. has flagged over security and human rights issues, according to lawmakers.
The House Committee on China has launched an investigation into BlackRock and MSCI for investing in blacklisted Chinese companies. The committee is concerned about the unwitting support provided by American investors to these companies, given the security and human rights concerns associated with them.