Posted on 09/07/2021 6:31:02 AM PDT by karpov
BlackRock, the world’s largest asset manager, has begun a major initiative in China. On Aug. 30 it launched a set of mutual funds and other investment products for Chinese consumers. The New York-based firm is the first foreign-owned company allowed to do so. The launch came just weeks after BlackRock recommended that investors triple their allocations in Chinese assets. This will push billions of dollars into China. “The Chinese market represents a significant opportunity to help meet the long-term goals of investors in China and internationally,” BlackRock Chairman Larry Fink wrote in a letter to shareholders.
BlackRock takes its responsibilities for its clients’ money seriously and is a leader in the environmental, social and governance movement. But it appears to misunderstand President Xi Jinping’s China.
The firm seems to have taken the statements of Mr. Xi’s regime at face value. It has drawn a distinction between state-owned enterprises and privately owned companies, but that is far from reality. The regime regards all Chinese companies as instruments of the one-party state.
This possible misunderstanding could explain BlackRock’s decision, but there may be another explanation. The profits to be earned from entering China’s hitherto closed financial markets may have influenced their decision. The BlackRock managers must be aware that there is an enormous crisis brewing in China’s real-estate market. They may believe that investment funds flowing into China will help Mr. Xi handle the situation, but the president’s problems go much deeper. China’s birthrate is much lower than official statistics indicate and Mr. Xi’s attempts to increase it have made matters worse. The president recently launched his “Common Prosperity” program, which is a fundamental change in direction. It seeks to reduce inequality by distributing the wealth of the rich to the general population. That does not augur well for foreign investors.
(Excerpt) Read more at wsj.com ...
This is the company that bought thousands upon thousands of homes at 125-150% list price, yes?
Larry Fink? Figures.
yep
Black Rock has no sense of loyalty, they don’t care about America.
What could go wrong?
There. Can't imagine who hatched this plan and leveraged their influence... /s
Company store rentals for the Amazon slaves!
Blackrock is looking to sell Chinese investments, to Chinese investors. Their efforts are about tapping the LOCAL investment market in China, in RMB currency.
I personally don't think Blackrock's efforts will come to much, and in China, you are always the CCP's prison-byatch, but once again, Soros spins and lies. If Soros hates China, China must be doing something right.
I have a feeling one day that Larry Fink will be hanging upside down dangling from his feet after being tied to a tree limb, much like Benito Mussolini...
When his clients lose billions because China nationalizes all Blackrock’s assets in China, people will get angry and take revenge on someone...
Aww...look how much George Soros loves America and wants what’s best for us
Who knew?
Yup. Feels like an effort to funnel a huge amount of money into China so that their government can scoop it all up and use it against us.
Key point: Once it’s there, likely no reversing it.
The leverage available to the CCP is immeasurable and the hypocrisy of funding their military buildup for the coming war is grossly understated.
It should be ILLEGAL for US firms to enter into such financial agreements with our enemies, but we’ve been told ad nauseam,
“Bidens have no China ties!”
Yeah, and I’m selling shares in US ‘infrastructure’. /s
BlackRock needs to get the Arthur Anderson treatment.
>Who knew?
The mystery is that despite the destruction this worm has visited on a myriad of countries, none of these governmental agencies have dared to take action against his person or significantly impact his organization.
(nota bene for glowies: I am not speaking of or advocating criminal action by a private individual, but noting that nation-states sometimes take actions of this sort)
Who protects this beast?
And also a company that has controlling shares in Moderna and Pfizer. In addition to having 3 of its “former” executives working for CornPops administration as economic advisors.
Hmmmm…….nothing to see here. Move along.
Reflection of the globalist/100% China-capture split?
They were all allied together while the globalists thought they were partners in the big takeover and depopulation. But Xi perhaps is increasingly showing the Chinese plan to be the sole/ultimate global power? Yet another case of the globalists’ totalitarian puppet trying to shake off their master?
I’ll go out on a limb and say the previous guy in the White House would have had a YUGE problem with this and would have been very vocal about it.
It’s a coincidence...
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