World Largest $9.4 Trillion Asset Manager BlackRock & Index Provider MSCI Investigated by United States for Directing United States Capital into Black
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World Largest $9.4 Trillion Asset Manager BlackRock & Index Provider MSCI Investigated by United States for Directing United States Capital into Blacklisted China Companies 4th August 2023 | Hong Kong
The world’s largest asset manager BlackRock ($9.4 trillion AUM, Assets under Management) and index provider MSCI are being investigated by United States (House of Representatives select committee for China) for directing United States’ capital into blacklisted China companies. In 2021, United States President Joe Biden signed a new executive order imposing a ban on United States (U.S.) investment into 59 blacklisted Chinese companies with ties to China’s military, intelligence, weapons and security research and development, and a 1 year timeline to fully divest from the 59 Chinese companies. The new executive order is a continuation of former United States President Donald Trump, with the list updated on a rolling basis and managed by the the Office of Foreign Assets Control (“OFAC”) of the US Treasury Department. The 59 blacklisted Chinese companies listed by United States include some of China’s largest companies, including China Mobile, China Telecom, CNOOC and Huawei Technologies. The list is constantly being updated. See below for more info.
“ World Largest $9.4 Trillion Asset Manager BlackRock & Index Provider MSCI Investigated by United States for Directing United States Capital into Blacklisted China Companies “
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The Office of Foreign Assets Control (“OFAC”) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States.
US President Joe Biden Bans US Investment in 59 Blacklisted Chinese Companies, 1 Year Timeline to Divest
United States President Joe Biden, a younger Joe Biden with former United States President Barrack Obama 4th June 2021 – United States President Joe Biden has signed a new executive order imposing a ban on United States (U.S.) investment into 59 blacklisted Chinese companies with ties to China’s military, intelligence, weapons and security research and development, and a 1 year timeline to fully divest from the 59 Chinese companies. The new executive order is a continuation of former United States President Donald Trump, with the list updated on a rolling basis and managed by the the Office of Foreign Assets Control (“OFAC”) of the US Treasury Department. The 59 blacklisted Chinese companies listed by United States include some of China’s largest companies, including China Mobile, China Telecom, CNOOC and Huawei Technologies.
The Ban on US Investments into 59 Chinese Companies, Effective 2nd August 2021
The United States ban on investments into the 59 Chinese companies listed by the Office of Foreign Assets Control (OFAC), will take effect on the 2nd of August 2021 at 12:01 a.m (New York time). Investors will have 1 year from the date to fully divest their investments in the 59 Chinese listed companies. The investment prohibitions will apply to subsidiaries of companies only if they are listed by the Office of Foreign Assets Control (OFAC). The executive order is titled: “Addressing the threat from securities investments that finance certain companies of the People’s Republic of China.”
The OFAC’s Non-SDN Chinese Military-Industrial Complex Companies List:
United States SDN ~ Specially Designated Nationals
List of 59 Chinese Companies: You are:
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