United States President Joe Biden, a younger Joe Biden with former United States President Barrack Obama
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World Largest $9.4 Trillion Asset Manager BlackRock & Index Provider MSCI Investigated by United States for Directing United States Capital into Blacklisted China Companies 

4th August 2023 | Hong Kong

The world’s largest asset manager BlackRock ($9.4 trillion AUM, Assets under Management) and index provider MSCI are being investigated by United States (House of Representatives select committee for China) for directing United States’ capital into blacklisted China companies.  In 2021, United States President Joe Biden signed a new executive order imposing a ban on United States (U.S.) investment into 59 blacklisted Chinese companies with ties to China’s military, intelligence, weapons and security research and development, and a 1 year timeline to fully divest from the 59 Chinese companies.  The new executive order is a continuation of former United States President Donald Trump, with the list updated on a rolling basis and managed by the the Office of Foreign Assets Control (“OFAC”) of the US Treasury Department. The 59 blacklisted Chinese companies listed by United States include some of China’s largest companies, including China Mobile, China Telecom, CNOOC and Huawei Technologies. The list is constantly being updated.  See below for more info. 

“ World Largest $9.4 Trillion Asset Manager BlackRock & Index Provider MSCI Investigated by United States for Directing United States Capital into Blacklisted China Companies “

 



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The Office of Foreign Assets Control (“OFAC”) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States.

 

 

US President Joe Biden Bans US Investment in 59 Blacklisted Chinese Companies, 1 Year Timeline to Divest

United States President Joe Biden, a younger Joe Biden with former United States President Barrack Obama

4th June 2021United States President Joe Biden has signed a new executive order imposing a ban on United States (U.S.) investment into 59 blacklisted Chinese companies with ties to China’s military, intelligence, weapons and security research and development, and a 1 year timeline to fully divest from the 59 Chinese companies.  The new executive order is a continuation of former United States President Donald Trump, with the list updated on a rolling basis and managed by the the Office of Foreign Assets Control (“OFAC”) of the US Treasury Department.   The 59 blacklisted Chinese companies listed by United States include some of China’s largest companies, including China Mobile, China Telecom, CNOOC and Huawei Technologies.

 

 

The Ban on US Investments into 59 Chinese Companies, Effective 2nd August 2021

The United States ban on investments into the 59 Chinese companies listed by the Office of Foreign Assets Control (OFAC), will take effect on the 2nd of August 2021 at 12:01 a.m (New York time).  Investors will have 1 year from the date to fully divest their investments in the 59 Chinese listed companies.  The investment prohibitions will apply to subsidiaries of companies only if they are listed by the Office of Foreign Assets Control (OFAC).  The executive order is titled: “Addressing the threat from securities investments that finance certain companies of the People’s Republic of China.”

 

 

The OFAC’s Non-SDN Chinese Military-Industrial Complex Companies List: 

United States

SDN ~ Specially Designated Nationals

List of 59 Chinese Companies:

  1. Aero Engine Corporation Of China
  2. Aerospace Ch Uav Co., Ltd
  3. Aerospace Communications Holdings Group Company Limited
  4. Aerosun Corporation
  5. Anhui Greatwall Military Industry Company Limited
  6. Aviation Industry Corporation Of China, Ltd.
  7. Avic Aviation High-technology Company Limited
  8. Avic Heavy Machinery Company Limited
  9. Avic Jonhon Optronic Technology Co., Ltd.
  10. Avic Shenyang Aircraft Company Limited
  11. Avic Xi’an Aircraft Industry Group Company Ltd.
  12. Changsha Jingjia Microelectronics Company Limited
  13. China Academy Of Launch Vehicle Technology
  14. China Aerospace Science And Industry Corporation Limited
  15. China Aerospace Science And Technology Corporation
  16. China Aerospace Times Electronics Co., Ltd
  17. China Avionics Systems Company Limited
  18. China Communications Construction Company Limited
  19. China Communications Construction Group (Limited)
  20. China Electronics Corporation
  21. China Electronics Technology Group Corporation
  22. China General Nuclear Power Corporation
  23. China Marine Information Electronics Company Limited
  24. China Mobile Communications Group Co., Ltd.
  25. China Mobile Limited
  26. China National Nuclear Corporation
  27. China National Offshore Oil Corporation
  28. China North Industries Group Corporation Limited
  29. China Nuclear Engineering Corporation Limited
  30. China Railway Construction Corporation Limited
  31. China Satellite Communications Co., Ltd.
  32. China Shipbuilding Industry Company Limited
  33. China Shipbuilding Industry Group Power Company Limited
  34. China South Industries Group Corporation
  35. China Spacesat Co., Ltd.
  36. China State Shipbuilding Corporation Limited
  37. China Telecom Corporation Limited
  38. China Telecommunications Corporation
  39. China Unicom (Hong Kong) Limited
  40. China United Network Communications Group Co., Ltd.
  41. CNOOC Limited
  42. Costar Group Co., Ltd.
  43. CSSC Offshore & Marine Engineering (Group) Company Limited
  44. Fujian Torch Electron Technology Co., Ltd.
  45. Guizhou Space Appliance Co., Ltd
  46. Hangzhou Hikvision Digital Technology Co., Ltd.
  47. Huawei Investment & Holding Co., Ltd.
  48. Huawei Technologies Co., Ltd.
  49. Inner Mongolia First Machinery Group Co., Ltd.
  50. Inspur Group Co., Ltd.
  51. Jiangxi Hongdu Aviation Industry Co., Ltd.
  52. Nanjing Panda Electronics Company Limited
  53. North Navigation Control Technology Co., Ltd.
  54. Panda Electronics Group Co., Ltd.
  55. Proven Glory Capital Limited
  56. Proven Honour Capital Limited
  57. Semiconductor Manufacturing International Corporation
  58. Shaanxi Zhongtian Rocket Technology Company Limited
  59. Zhonghang Electronic Measuring Instruments Company Limited



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