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Thursday, October 3, 2024

BlackRock CEO opens fire on China and the reason is…Russia

BlackRock CEO opens fire on China and the reason is…Russia

During a seminar at a conference Berlin Global Dialogue, Fink said: “Ukraine On our doorstep, and I am surprised that there are no greater questions or demands. “You support our enemy, while we pump billions of dollars into supporting Ukraine, and this must come at a cost.”

He added: “China “It is Russia’s biggest supporter and a major supporter of its economy, and this matter should at least be discussed.”

As Fink emphasized, “I’m not here to pass judgment, but I think the evaluation was inadequate.”

Count Black RockThe world’s largest asset management company was the first foreign company to launch a wholly-owned mutual fund in China three years ago, but it was subjected to investigation by American lawmakers over some of its investments in China, in light of the ongoing political tensions between the two countries.

“We have business in China, and I’m sure everyone here has business there,” Fink said Tuesday at the conference. “We all have to re-evaluate those relationships as well as the risks around liquidity and everything else.”



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