One of the oldest consumer protection non-profits exposed BlackRock’s close ties with the Chinese regime on Oct. 27.
Consumers’ Research has accused the investment giant of placing private equity in different projects that benefit Chinese Communist Party (CCP) interests. A new campaign launched on social media warns these business activities could risk U.S. national security.
“BlackRock [is] the biggest American money manager, [and] investing U.S. investor’s money in China,” the non-profit said in a video shared on YouTube. “[In China the company is] pouring in billions, propping up Chinese communist leaders [and] putting money into surveillance companies used by the Chinese military.”
Consumers’ Research claims the investment company repeatedly undermined national safety against terrorism, war, espionage and other security threats.
“Even left-wing billionaire George Soros knows BlackRock is harming U.S national security,” the non-profit can be heard saying. “CEO Larry Fink loves to tell Americans how to live but he negotiated against America sucking up to China, and BlackRock [is] taking your money betting on China.”
Consumers’ Research hopes the video will encourage BlackRock investors to move their money elsewhere.
“We cannot allow this to continue,” executive director Will Hild said in a statement. “Funneling Americans’s hard-earned retirement savings to China is unsafe from both a national security and financial perspective.”
Sen. Tom Cotton (R-Ark.) recently criticized CCP-linked companies for channeling U.S. investor money through Wall Street.
The Senate Intelligence Committee member warned in December of the dangers associated with letting the Chinese regime infiltrate U.S. politics and the economy.
“These corporate CEOs need to focus on bringing those jobs back to America or at least getting them out of China,” he previously said. “As long as you are operating in China, you are susceptible to pressure from the CCP.”
The remarks came CCP-linked academic Di Dongsheng was caught on camera bragging about the Chinese regime infiltrating U.S. power circles, to manipulate America, until Donald Trump won the 2016 presidential election.
“Is because we have people at the top, at the top of America’s core inner circle of power and influence,” he said in the video. “We have our old friends … [and] to put it bluntly, for the past 30 to 40 years, we have been utilizing the core power of the United States.”
“Since 1970, Wall Street had a very strong influence on the domestic and foreign affairs of the United States,” he added. “We had a channel to rely on [and] after 2016 Wall Street cannot control Trump … [so] during the U.S.-China trade war, they (Wall Street) tried to help us but could not do much.”
Di suggested the Biden administration was more willing to let Beijing expand its influence.
“We are seeing Biden was elected [and] the traditional elite, political elite, [and] the establishment–they are very close to Wall Street, so you see that right?” he can be heard saying.