BlackRock investments in China: Consumers' Research warning consumers, governments (2024)

FAQs

Is BlackRock tied to the government? ›

In 2020, BlackRock reprised its role as the U.S. government's financial guru, managing the Federal Reserve's $120 billion per month bond-buying program as part of its pandemic relief program.

BlackRock has faced criticism from many sides in the debate on low-carbon fuels, with environmentalists protesting it does too little to press for change at fossil fuel portfolio companies, and Republican U.S. politicians accusing it of boycotting energy stocks.

New York-based BlackRock is the first foreign-owned company allowed by Beijing to operate a wholly-owned business in China's burgeoning mutual fund industry.

"BlackRock is committed to helping more Chinese investors achieve their financial goals by bringing them a broader suite of investment products and solutions, including ETF and index investments," the company said in a statement to Reuters.

BlackRock is also driving climate injustice around the world through its investments in companies whose operations threaten Indigenous communities on their lands through industrial activity and intimidation, abuse of Indigenous territorial rights, and displacement of communities from their ancestral homes.

BlackRock has evolved from a small startup to a global conglomerate. This market giant invests in experimenting in all areas, and as a result, it owns shares and voting rights in several of Europe's largest firms, including those in energy, oil and gas, and, of course, banking.

Our reputation for integrity is one of our most important assets. We hold ourselves to standards that not only meet those required by the laws and regulations that apply to us, but also to our principles, which are rooted in exceeding our clients' expectations.

BlackRock Awards and Recognition

BlackRock is an extremely well-known firm. It has many awards to its name, despite the some public controversy that exists surrounding the firm.

The initiative saw BlackRock become the first foreign-owned company to operate a wholly owned business in China's mutual fund industry.

Is BlackRock the most powerful company in the world? ›

BlackRock was formed by founder and CEO Larry Fink in 1988 in New York City as a risk management and fixed income institutional asset manager. Now, it is the world's largest asset manager with $10 trillion currently in its portfolio.

China continues to offer huge market growth potential, has a skilled labor pool and unparalleled infrastructure, and is investing in its capabilities as a manufacturing base for industries of the future. Investing in China is not always easy, but there is no other country that can replace it.

Since then, BlackRock has earned more than $1.3bn in dividends for its clients through its shareholdings in 10 of Russia's most important companies, the Bureau's analysis of Bloomberg data has found.

Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$10 trillion in assets under management as of January 2022. BlackRock operates globally with 70 offices in 30 countries, and clients in 100 countries.

BlackRock and Vanguard do not “own” all the biggest corporations in the world. They invest trillions of dollars into leading companies on behalf of their clients, who ultimately own the shares.

Reflects change since 5 pm ET of prior trading day. Larry Fink is the founder, CEO and chairman of powerhouse investment management firm BlackRock, one of the world's largest asset managers. He and seven partners founded BlackRock in 1988.

Austin, TX, August 5, 2022 — Texas Attorney General Ken Paxton is among 19 state attorneys general pressing financial titan BlackRock for clarity on its Environmental, Social, and Governance (ESG) investment policies.

The top shareholders of Disney are Robert A. Iger, Christine M. McCarthy, Alan N. Braverman, Vanguard Group Inc., BlackRock Inc.

Does BlackRock own Amazon? ›

BlackRock holds 6% of Amazon's shares which makes it its third-largest shareholder. BlackRock owns 29 million Amazon shares, representing 29 million shareholder votes. The market value of BlackRock's stake in Amazon was $96 billion as of December 2021.

BlackRock holds 7% of Starbucks's shares which makes it its second-largest shareholder. BlackRock owns 82 million Starbucks shares, representing 82 million shareholder votes. The market value of BlackRock's stake in Starbucks was $10 billion as of December 2021.

2023-02-07 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,029,178,566 shares of Apple Inc (US:AAPL). This represents 6.5 percent ownership of the company.

As of 31 December 2020, the Official Institutions Group has $579bn in assets under management (AUM) on behalf of 109 clients globally. This includes: 45 Central Banks.

BlackRock, the world's largest asset manager, on Friday said it is making the investment in Human Interest Inc., a San Francisco company that has offered 401(k) plans since 2015.

BlackRock is one of the world's leading providers of investment, advisory and risk management solutions. We are a fiduciary to our clients. We're investing for the future on behalf of our clients, inspiring our employees, and supporting our local communities.

As of 2022, Vanguard has more than $8 trillion in assets under management (AUM), second only to BlackRock, Inc ($9.5 trillion AUM). 4 Headquartered in Pennsylvania, Vanguard is the largest mutual funds issuer in the world and the second-largest issuer of exchange-traded funds (ETFs).

2023-02-07 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 23,301,183 shares of Goldman Sachs Group Inc (US:GS). This represents 6.9 percent ownership of the company.

BlackRock Inc., the largest money management corporation not only in America but the world, has emerged as a big promoter of social and environmental investing and of sending billions of U.S. dollars to China.

Does Apple own BlackRock? ›

BlackRock is invested in several programs that are providing financing to build new homes and add to U.S. housing supply. Most recently, we began investing in new construction, purpose-built for-rent housing developments that add supply to the market and address the increasing demand we see for this property type.

And next up is BlackRock, another giant in the ETF industry. The company owns 171 million shares of Tesla, accounting for 5.4% of the company's shares outstanding.

Twelve percent of CNN.

“In other words, these two investment companies, Vanguard and BlackRock, hold a monopoly in all industries in the world and they, in turn, are owned by the richest families in the world, some of whom are royalty and who have been very rich since before the Industrial Revolution.”

Some of the risks associated with investing in China include its communist structure, regulatory differences, and insider trading. Investment opportunities in China include U.S. corporations that have a presence in the country, mutual funds, and ETFs.

It supports US jobs.

While expanding foreign trade can disrupt US employment, trade with China also creates and supports a significant number of American jobs. Exports to China support over 1 million US jobs, and Chinese companies invested in the United States employ over 160,000 workers.

“The reason for that is simple. It's because China is on track, still to be the world's largest economy by 2030. And corporations ultimately want to be where their markets are going to be.” The sheer size of the Chinese market has long made it the most valuable asset for U.S. multinationals operating in the country.

Buffett's firm invested in the Shenzhen-based company in 2008, paying $230 million for a 10% stake. The shares have risen dramatically since then—including an almost seven-fold move between 2020 and 2021—but they fell around 28% last year.

Where does most of China's wealth come from? ›

Manufacturing, services and agriculture are the largest sectors of the Chinese economy – employing the majority of the population and making the largest contributions to GDP.

BlackRock's top three holdings are Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Amazon (NASDAQ:AMZN). BLK owns $141 billion of AAPL stock, $120.8 billion of MSFT, and $65.8 billion of AMZN. BlackRock, however, has decreased its positions in all three of those companies by millions of shares.

Only a handful of U.S. banks have quantified their Russia exposure. In addition to Citi, Goldman Sachs Group Inc (GS. N) reported $293 million in net exposure to Russia, as well as a total of $414 million of market exposure as of December 2021, according to its most recent filing. Bank of New York Mellon Corp (BK.

Of those 15 million single-family rentals, institutional investors own about 300,000; most of the rest are owned by individual landlords. Of that 300,000, the real-estate rental company Invitation Homes—in which BlackRock is an investor—owns about 80,000.

BlackRock Funds top the list in terms of assets held by a single fund family, followed by other familiar names such as Vanguard, Charles Schwab, State Street Global Advisors, and Fidelity Investments.

Laurence D. Fink is Chairman and Chief Executive Officer of BlackRock. He and seven partners founded BlackRock in 1988, and under his leadership, the firm has grown into a global leader in investment and technology solutions.

Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority.

Top 5 stock holdings are AAPL, MSFT, AMZN, UNH, GOOGL, and represent 12.14% of BlackRock's stock portfolio.

Is Google owned by BlackRock? ›

The top individual insider shareholders of Google are Larry Page, Sergey Brin, and Sundar Pichai, and the top institutional shareholders are Vanguard Group Inc., BlackRock Inc.

BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson to provide institutional clients with asset management services from a risk management perspective.

It runs a massive technology platform that oversees at least $21.6 trillion in assets. In 1999, BlackRock started selling Aladdin, which analyses and tracks investors' portfolios and can help professional money managers spot risks. Today, it is a juggernaut widely used in the money management industry and beyond.

Who owns BlackRock? BlackRock is not owned by a single individual or company. Instead, its shares are owned by a large number of individual and institutional investors. The biggest institutional shareholders such as The Vanguard Group and State Street are merely custodians of the stock for their clients.

As of February 27, 2023, BlackRock Inc had a $102.6 billion market capitalization, putting it in the 99th percentile of companies in the Investment Management & Fund Operators industry. Currently, BlackRock Inc's price-earnings ratio is 20.1.

For example, while there are more than 3,000 shareholders in Pepsi Co., Vanguard and Blackrock's holdings account for nearly one-third of all shares. Of the top 10 shareholders in Pepsi Co., the top three, Vanguard, Blackrock and State Street Corporation, own more shares than the remaining seven.