As China is Called Out Over Genocide, BlackRock Sees a Business Opportunity

Larry Fink/IMAGE: YouTube

At a time when many nations in the West — including the United States — are condemning China for human rights abuses and genocide against the Muslim Uyghurs, investment firm BlackRock and CEO Larry Fink are doubling down on their business partnership with the communist government.

From Pensions & Investments:

Bing Ji was named general manager of BlackRock’s newly launched wealth management joint venture in Shanghai, BlackRock CCB Wealth Management, a spokeswoman confirmed Friday…

On Wednesday, BlackRock said that the joint venture it unveiled last August with a subsidiary of China Construction Bank and Singapore investment company Temasek had garnered regulatory approval to start operations…

BlackRock said it holds a majority 50.1% stake in BlackRock CCB Wealth Management. CCB Wealth Management Co., a wholly owned unit of China Construction Bank, has 40% and Temasek holds the remaining 9.9%.

The joint venture “will draw on BlackRock’s

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Why is Biden Sticking With the Beijing Olympics After Bashing Georgia?

Joe Biden/PHOTO: jlhervas (CC)

What can you say about an American presidential administration and corporations that so easily embrace an outcry and boycotts over one state’s clean election laws, but looks the other way when it comes to sending its athletes to perform in a nation of ruthless, torturous dictators?

“Hypocrisy” doesn’t adequately describe the evil double standard.

But that’s what we’ve seen in the state of Georgia – where the governor and legislature enacted a law that removes the likelihood of a repeat of the rampant fraud that marred the 2020 election – which motivated Major League Baseball to move its All-Star Game out of Atlanta, caused actor Will Smith to move a film production from the state, and corporate CEOs to issue statements of condemnation over the measure’s alleged “racist” motivation and effect.

And President Joe Biden has cheered such moves.

He was so offended by … Read More ➡