WASHINGTON : The chairman of a U.S. congressional committee on China held out the possibility on Thursday of subpoenas for executives from asset management firm BlackRock and index provider MSCI if they do not provide"fulsome" answers about investments in blacklisted Chinese companies.
"In the law that created the committee we were given subpoena authority for a reason, which is to do our investigation and our oversight in a thorough and robust yet fair fashion," he said. Representative Raja Krishnamoorthi, the top Democrat on the Republican-led panel, said the goal is not to cut off investment into all Chinese firms, but just those with interests counter to U.S. values.
Source: News Formal (newsformal.com)
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