Governor Gianforte’s State Pension Fund-Tied Up with Chinese Communist Party-


10 Governors have state pension funds tied up with deep roots in China. The only Governor who took matters seriously and responded with concern was Ron DeSantis, Governor of Florida.

BlackRock “could not be doing more to help the Chinese Communist Party,” Consumers’ Research Executive Director Will Hild said.

Consumers’ Research warned ten governors in a letter earlier this month about their state pension funds being invested into BlackRock, the world’s largest investment manager, which has significant ties with China and invests in Chinese companies. 

The consumer group is an educational nonprofit that focuses on informing consumers and promoting “the freedom to act on that knowledge and understanding,” according to Consumers’ Research’s website

The letter was sent on Dec. 2 to the governors of the ten states with the largest state pension fund investments in BlackRock, according to the group’s Research. From highest to lowest, the 10 are Washington, Florida, New York, Nevada, Nebraska, South Carolina, Oklahoma, Pennsylvania, Montana, and West Virginia. 

The Honorable Greg Gianforte Governor, State of Montana

The Honorable Henry McMaster
Governor, State of South Carolina

The Honorable J. Kevin Stitt
Governor, State of Oklahoma

The Honorable Tom Wolf
Governor, State of Pennsylvania

The Honorable Jim Justice
Governor, State of West Virginia

The Honorable Jay Inslee
Governor, State of Washington

The Honorable Ron DeSantis
Governor, State of Florida

The Honorable Kathy Hochul
Governor, State of New York

The Honorable Steve Sisolak
Governor, State of Nevada

The Honorable Pete Ricketts
Governor, State of Nebraska

According to the letter, “BlackRock’s CEO, Larry Fink, has become a trusted partner with China’s communist leadership,” as he has consulted them “during economic downturns” and “was involved in trade negotiations with the United States, choosing China over America.”

Consumers’ Research Executive Director Will Hild told the John Solomon Reports podcast in an episode airing Thursday that BlackRock “could not be doing more to help the Chinese Communist Party.”

Fink wrote a letter to BlackRock’s shareholders in March 2020 reaffirming the investment manager’s commitment to China, according to Consumers’ Research’s Consumer Warning

“I continue to firmly believe China will be one of the biggest opportunities for BlackRock over the long term, both for asset managers and investors, despite the uncertainty and decoupling of global systems we’re seeing today,” he wrote. 

To read the full story, click here.


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