US Firms BlackRock, MSCI Directed Billions to Chinese Firms Accused of Rights Abuses

A congressional panel reveals major US financial institutions invested heavily in Chinese companies flagged for human rights violations.

• A US House committee investigation found that MSCI and BlackRock channeled over $6.5 billion into 63 Chinese companies accused of human rights abuses.
• The investments included funds from American retirement savings, potentially linking ordinary citizens' finances to controversial practices abroad.
• The implicated companies are involved in sectors like advanced military technology and actions against China's Uygur minority.
• Despite the findings, current US laws do not prohibit these types of investments, prompting calls for legislative reform.
• Statements from BlackRock and MSCI defend their compliance with US laws, stressing the need for clear regulatory guidelines.

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