London Daily

Focus on the big picture.
Sunday, May 25, 2025

U.S. House Committee Investigates BlackRock and MSCI Over China Investments

U.S. House Committee Investigates BlackRock and MSCI Over China Investments

The U.S. House of Representatives' Select Committee on the Chinese Communist Party (CCP) is scrutinizing asset management giant BlackRock and index provider MSCI for their involvement in facilitating investments into blacklisted Chinese companies.
The companies are accused of directing American capital flow into firms found guilty by the U.S. government of fueling China's military advancements or committing human rights abuses.

BlackRock stated that it complies with all applicable U.S. government laws and will directly engage with the Select Committee regarding the raised issues. MSCI is currently "reviewing the inquiry" from the committee.

Amid ongoing tensions between the U.S. and China over issues like Taiwan and Russia's actions in Ukraine, the Select Committee, formed by Republicans to address competing with China, operates with bipartisan support in the deeply divided U.S. Congress.

While the committee does not write legislation, it does make policy recommendations and holds the power to subpoena executives and officials for investigation purposes. The committee's Republican chair, Mike Gallagher, has threatened to issue subpoenas to non-cooperative executives.

The Wall Street Journal first reported the committee's actions against BlackRock and MSCI, revealing that dozens of blacklisted companies were allowed for investments by these firms, with the actual scale possibly being much larger.

As the world's largest asset manager, BlackRock faces political challenges due to its stance on environmental, social, and governance (ESG) issues. While Republicans accuse the company of being too "woke," other campaigners urge the company to use its voting power to push boards to reduce carbon emissions.
Newsletter

Related Articles

0:00
0:00
Close
Global Events: Key Developments in Culture, Conflict, and Policy
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Bruges Battles Overtourism as Visitors Steal Cobblestones and Historic Cities Struggle to Cope
Facial Recognition Technology Use in New Orleans Jail Escapees Search Under Scrutiny
Crypto Investor Arrested for Alleged Kidnapping and Torture in Manhattan
Labour MPs Divided Over £5 Billion Welfare Cuts
UK Signs £101 Million Annual Deal on Chagos Islands
Labour MPs Urge Chancellor to Tax Wealthy Over Welfare Cuts
Reform UK Gains Control of Lancashire Council
UK Government Introduces Measures to Accelerate Housebuilding
Government Delays Child Poverty Strategy Publication
Netanyahu Accuses Starmer of Siding with Hamas
Doctors Threaten Strike Over 4% Pay Offer
Carrie Johnson Announces Birth of Fourth Child
Russian Drone and Missile Strikes Kill 13 in Ukraine
Various Developments in UK Sports, Health, and Security
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Multiple Injuries Reported Following Stabbing Attack in Germany
Escalating Trade Tensions and Market Reactions
Major Global Events: Ukraine-Russia Prisoner Exchange, Nuclear Talks, and Other Developments
US President Threatens Apple with 25% Tariff on iPhones Not Made in America
Escaped Psychiatric Patient Sentenced for Killing Church Warden with Golf Umbrella
Police Scotland 'At Breaking Point' Amid Soaring Mental Health Absences
Asylum Seeker Jailed for Spreading Islamic State Propaganda Online
Billy Joel Cancels All Upcoming Concerts Due to Brain Disorder
British Taxpayers Face £31 Billion Loss from 2008 RBS Bailout
Tottenham Hotspur Clinch European Title Amid Manager's Defiant Message
Starmer's Winter Fuel Cut U-Turn Claim Deemed 'Not Credible'
Keir Starmer's NHS Boast Faces Scrutiny Over Comparisons During Strike Periods
UK Scientists Launch Urgent Study to Save Declining Bee Populations
Gary Neville Banned from Nottingham Forest's Stadium for Premier League Finale
Greenland Awards Mining Rights to Danish-French Consortium
Majority of Germans Want to Leave the Country, Poll Finds
Stabbing Attack in Germany Leaves Multiple Injured
OnlyFans Reportedly in Talks for $8 Billion Sale
Booz Allen Hamilton to Cut 2,500 Jobs Amid Federal Spending Reductions
JBS Gains Shareholder Approval for U.S. Stock Listing
Trump Signs Executive Orders to Accelerate Nuclear Energy Development
Harvard Temporarily Blocks Trump Administration's International Student Ban
Nippon Steel Forms Partnership with U.S. Steel, Headquarters to Remain in Pittsburgh
Trump Expands Tariff Threats to Apple and Samsung Devices
Oracle and OpenAI Plan $40 Billion Nvidia Chip Purchase for AI Data Center
Trump Threatens 50% Tariff on EU Goods, Markets React
Americans Seek British Citizenship in Record Numbers Post-Trump Re-election
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
UK Justice Secretary Advocates for Good Conduct Release Policies to Alleviate Prison Overcrowding
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
UK Transfers Chagos Islands Sovereignty to Mauritius in Strategic Agreement
×