Investing
BlackRock, MSCI draw scrutiny from US House Committee on China
© Reuters. FILE PHOTO: The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri/File Photo
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(Reuters) -A U.S. congressional committee on China said asset management giant BlackRock (NYSE:) and index provider MSCI were facilitating investments into blacklisted Chinese companies.
The House of Representatives Select Committee on the Chinese Communist Party asked the companies on Monday to provide information on their transactions.
“We will continue engaging with the Select Committee directly on the issues raised,” BlackRock said. MSCI said it was “reviewing the inquiry.”
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