U.S. House Of Representatives Select Committee On Chinese Communist Party Sends Letters To Blackrock, MSCI; Blackrock Says Complies With All Applicable U.S. Government Laws, Will Continue Engaging With The Select Committee Directly On The Issues Raised
Portfolio Pulse from Happy Mohamed
The U.S. House of Representatives Select Committee on Chinese Communist Party has sent letters to Blackrock and MSCI. Blackrock has responded by stating that it complies with all applicable U.S. government laws and will continue to engage with the Select Committee directly on the issues raised.
August 01, 2023 | 1:49 pm
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NEUTRAL IMPACT
Blackrock has been contacted by the U.S. House Select Committee on Chinese Communist Party. The company has assured that it complies with all U.S. laws and will continue to engage on the issues raised.
The news directly involves Blackrock and its compliance with U.S. laws. While it's not clear what the impact will be, the company's assurance of compliance and engagement could be seen positively by investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
The ETF FXI is not directly mentioned in the news.
The ETF FXI is not mentioned in the news, so it's unlikely to be impacted by this news.
CONFIDENCE 100
IMPORTANCE 0
RELEVANCE 0
NEUTRAL IMPACT
MSCI has been contacted by the U.S. House Select Committee on Chinese Communist Party. The company's response is not mentioned in the news.
The news directly involves MSCI. However, without information on the company's response, it's difficult to predict the impact on the stock. Investors may react based on future developments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
The ETF SPY is not directly mentioned in the news.
The ETF SPY is not mentioned in the news, so it's unlikely to be impacted by this news.
CONFIDENCE 100
IMPORTANCE 0
RELEVANCE 0