The Select Committee On The CCP

 The Select Committee on the Chinese Communist Party is committed to working on a bipartisan basis to build consensus on the threat posed by the Chinese Communist Party and develop a plan of action to defend the American people, our economy, and our values.

A United States House Select Committee has started investigating two New York-based financial institutions - BlackRock Inc and Morgan Stanley Capital International - over their roles in funneling American investments into shares of blacklisted Chinese firms.

The Select Committee on Strategic Competition between the US and the Chinese Communist Party, established in January, said Tuesday it had sent separate letters to BlackRock and MSCI asking for information about their facilitation of US investments into about 50 Chinese companies, which were blacklisted over claims of supporting the Chinese army or alleged human rights abuses.

The U.S. House committee has estimated that the BlackRock funds have invested more than $429 million into the blacklisted names.

Read the full text of the letter to BlackRock HERE. Read the full text of the letter to MSCI HERE. A little over a month after receiving the letter from the House Committee, BlackRock announced that they just closed their China fund after lawmakers' probe.

Calls by me to the The Select Committee on the Chinese Communist Party staff have not eliciting a response yet.

With all the interest in BlackRock, the fact that the US Congress has issued an ultimatum to BlackRock and Morgan Stanley to come clean on their investments in China hardly made domestic news.

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