News Snapshot:
The House Select Committee on the Chinese Communist Party sent a letter to BlackRock and MSCI over China investments, per the WSJ. Getty Images BlackRock and MSCI are facing probes by lawmakers for facilitating investments in Chinese firms, the WSJ reported. The probes are related to investments in companies flagged by the US over security risks or human rights violations. The investigation seeks to determine facts that would inform US policy on China, per the Journal. BlackRock and MSCI are facing a probe from lawmakers in Congress over the asset manager and the index provider's roles in funneling American investments...
