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They could easily exert any kind of pressure on these companies though. For example, Blackrock was given exclusive access to do wealth management in China rece
by narrator 5y ago
They could easily exert any kind of pressure on these companies though. For example, Blackrock was given exclusive access to do wealth management in China recently[1]. It's one of the few western financial institutions allowed to do so. What kind of influence do you think the Chinese government exerts on Blackrock in exchange for this privilege?
[1]https://www.nasdaq.com/articles/blackrock-expands-china-footprint-with-wealth-management-licence-2021-05-12 https://www.nasdaq.com/articles/blackrock-expands-china-foot...