As China is Called Out Over Genocide, BlackRock Sees a Business Opportunity

Larry Fink/IMAGE: YouTube

At a time when many nations in the West — including the United States — are condemning China for human rights abuses and genocide against the Muslim Uyghurs, investment firm BlackRock and CEO Larry Fink are doubling down on their business partnership with the communist government.

From Pensions & Investments:

Bing Ji was named general manager of BlackRock’s newly launched wealth management joint venture in Shanghai, BlackRock CCB Wealth Management, a spokeswoman confirmed Friday…

On Wednesday, BlackRock said that the joint venture it unveiled last August with a subsidiary of China Construction Bank and Singapore investment company Temasek had garnered regulatory approval to start operations…

BlackRock said it holds a majority 50.1% stake in BlackRock CCB Wealth Management. CCB Wealth Management Co., a wholly owned unit of China Construction Bank, has 40% and Temasek holds the remaining 9.9%.

The joint venture “will draw on BlackRock’s

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