Previous close | 11.00 |
Open | 9.00 |
Bid | 10.90 |
Ask | 11.40 |
Strike | 700.00 |
Expiry date | 2024-06-21 |
Day's range | 9.00 - 9.00 |
Contract range | N/A |
Volume | |
Open interest | 100 |
U.S. financial firms facilitated investments worth billions of dollars in index funds that included blacklisted Chinese companies, according to a bipartisan House Committee investigation that called for legislation aimed at restricting investment in those Chinese entities. U.S. index providers and asset managers channeled $6.5 billion last year to 63 Chinese companies flagged by the U.S. government for advancing China's military capabilities or supporting human rights abuses, the probe report unveiled on Thursday said. The panel said the activity was not illegal, but it called for Congress to pass legislation that would restrict investment in blacklisted entities, as well as require U.S. public companies to disclose risks related to China.
(Reuters) -U.S. financial firms facilitated investments worth billions of dollars in index funds that included blacklisted Chinese companies, according to a bipartisan House Committee investigation that called for legislation aimed at restricting investment in those Chinese entities. U.S. index providers and asset managers channeled $6.5 billion last year to 63 Chinese companies flagged by the U.S. government for advancing China's military capabilities or supporting human rights abuses, the probe report unveiled on Thursday said. The panel said the activity was not illegal, but it called for Congress to pass legislation that would restrict investment in blacklisted entities, as well as require U.S. public companies to disclose risks related to China.
A congressional investigation found that Wall Street used billions of dollars of American retirement savings and other investments to buy shares in index funds that included several blacklisted Chinese companies, the Wall Street Journal reported on Thursday. The probe, conducted by a bipartisan House committee empowered to devise strategies for the U.S. to counter China, focused on world's largest asset manager BlackRock and index provider MSCI, the report said. BlackRock and MSCI did not immediately respond to Reuters requests for comment.