Type to search

Wall St ‘Steered Billions Into Blacklisted China Firms’ – Nikkei

Chinese companies invested in included the Aviation Industry Corp of China, a defence conglomerate that makes aircraft for the PLA

BlackRock has slashed its monthly fees by 90% for Chinese investors in its two retail funds, due to weak investor interest.
The BlackRock logo is seen outside of its offices in New York. Photo: Reuters


Major US financial institutions helped channel billions of dollars into Chinese companies blacklisted for their links to China’s military or alleged human rights abuses, Nikkei Asia reported.

A congressional committee investigation discovered that $6.5 billion was legally moved through index funds last year to 63 blacklisted Chinese companies or firms red-flagged by the US government, the story went on.

The investigation looked into the bigger financial industry but singled out aim BlackRock, the world’s largest asset manager, and MSCI, the major index provider.

Read the full story: Nikkei Asia


  • By Sean O’Meara


Also on AF:

Four Chinese Firms Blacklisted for Seeking AI Chips for Military

Blacklisted Chinese Surveillance Maker in Saudi Fund Tie-Up

China Chipmaker YMTC Denies Military Links After Blacklisting

Blacklisted China Chip Giant SMIC Earned $1.5bn in US – WSJ



Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.


AF China Bond