Congress Investigates BlackRock, MSCI Over China Investments

House committee alleges BlackRock invested over $429 million in Chinese companies that undermine US interests.
BlackRock and MSCI accused of facilitating US capital flow into Chinese firms involved in military advancement or human rights abuses.
Committee claims MSCI indexes include blacklisted Chinese companies that develop weapons technology.
BlackRock denies wrongdoing, states it complies with US laws and will cooperate with congressional investigation.
Inquiry comes amid escalating US-China tensions over trade, technology, and national security issues.