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A recent congressional investigation revealed that Wall Street firms, including BlackRock and MSCI, directed billions of dollars of American retirement savings into index funds containing shares of over sixty blacklisted Chinese companies. The probe, highlighted by the Wall Street Journal, noted that while this activity is not currently illegal, it has raised concerns and prompted calls for new restrictions.
Wall Street channeled billions to blacklisted China firms: U.S. probe https://t.co/m01TA8J2M0
US firms facilitated investments into blacklisted Chinese companies, says House probe https://t.co/P6us2SupfZ https://t.co/eOXIGWx9fe
"A congressional investigation found that Wall Street used billions of dollars of American retirement savings & other investments to buy shares in index funds that included more than 5 dozen blacklisted Chinese companies" https://t.co/Uaqj9Rkqfx
