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Microsoft has teamed up with BlackRock and other partners to invest in data centres and energy projects to support AI development. Photo: Reuters

Microsoft and BlackRock aim for US$30 billion AI investment

The Global AI Infrastructure Investment Partnership, which also includes Nvidia, will invest in data storage and energy projects.

BlackRock’s US$20-billion ETF is now the world’s largest bitcoin fund

US allows spot ether ETFs in surprise win for crypto sector

BlackRock whistle-blower sues over firing, shutdown of China monitoring tool

Hamdan Azhar said asset manager fired him after he objected to a colleague’s self-dealing, and was forced to shut down search engine that monitored client discussions on illegal investments, including in China.

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The BlackRock logo outside their New York headquarters. Photo: Reuters

Xi-Biden call, electric ‘beng bengs’: 7 US-China reads you may have missed

Struggling US-China ties, a human rights shock and a student in big trouble: these are the highlights from the SCMP’s overseas correspondents from April 2024.

BlackRock to sell Shanghai office towers acquired in 2018 for 30% discount: sources

The New York-based asset manager is marketing the property in northwestern Shanghai at a reduced rate to speed up the sale, according to the people, who asked not to be identified because the information is private.

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Singapore’s Seraya closes US$800 million fund backed by BlackRock and AIIB

The oversubscribed fund will focus on bolstering Asia’s digital infrastructure and energy transition with investments in companies including a green data centre operator and an offshore wind farm vessel operator.

An aerial photo taken on June 28, 2023 shows a 16-megawatt wind turbine installed at the Fujian offshore wind farm operated by the China Three Gorges Corporation off the coast of southeast China’s Fujian Province. Photo: Xinhua

AI tools like ChatGPT are a ‘revolution’ in investment analysis: BlackRock

The world’s largest asset manager believes AI will be transformational, and is investing in finance-specific machine learning to augment the investment-analysis process.

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Hong Kong stocks hit 4-week low as Fed decision looms, BlackRock turns sour

Stocks slipped after BlackRock strategists added to the downbeat view on Chinese equities. Risk appetite was weak before key rate decisions from the Federal Reserve and Hong Kong’s monetary authority.

BlackRock loses confidence in Chinese stocks as property slump stokes losses

BlackRock, the world’s biggest money manager, downgraded Chinese stocks and their emerging-market peers. That reversed its bullish call in February as China’s post-Covid reflationary measures fell short of expectations.

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The BlackRock logo is pictured outside its headquarters in the Manhattan borough of New York City. Photo: Reuters

Hong Kong firms must seize climate investment chances: environment secretary

The transition to net zero is ‘the single biggest investment opportunity out there’, says BlackRock executive, as government official calls on companies to step up investment in green finance, hydrogen, biofuels and low-carbon technology.

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Hong Kong Island is reflected in taped windows in Tsim Sha Tsui as super typhoon Saola hit the city on September 1, 2023. Photo: Yik Yeung-man

BlackRock, MSCI draw US scrutiny over capital flow to Chinese companies

The firms helped American capital flow to companies the US blacklisted for human-rights abuses or fuelling China’s military advancement, according to the House of Representatives’ Select Committee on the Chinese Communist Party.

Citadel Securities hires ex-BlackRock China head to strengthen role in market

Citadel Securities has hired Tang Xiaodong, former head of China at BlackRock and an ex-regulator, to spearhead its expansion plan in the US$10.3 trillion market.

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BlackRock, Invesco bet on Chinese stocks despite bearish Citi, UBS calls

Investment management behemoths BlackRock and Invesco have reiterated their positive views on regional laggards Chinese stocks and are betting that policy support will underpin strong second-half performance for the regional laggards, even as major investment banks slash their targets for key equity benchmarks.

The BlackRock logo is seen outside of its offices in New York City. Photo: Reuters

Hedge funds add Chinese stocks as BlackRock cautions market view is too rosy

The bullish start in 2023 has obscured the fact that the first quarter tends to be painful for investors in Chinese stocks in recent memory. BlackRock says the market view is too rosy for now.

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China’s CSI 300 Index has risen 8 per cent this year, backed by a chorus of bullish calls from strategists at Wall Street banks. Photo: AP Photo

Explainer | Why HSBC, Standard Chartered are sending top executives to Hong Kong summit

The executives from HSBC, Standard Chartered, Citigroup, UBS and others, are expected to endorse Hong Kong as an international financial centre.

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More companies in Asia adopt rigorous climate-risk disclosure framework

Wider use of the TCFD (Task Force on Climate-related Financial Disclosures) approach is welcome, but companies must move beyond mere compliance, said panellists at SCMP’s Climate Change Hong Kong Summit.

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China tech stocks slip in Hong Kong as Covid-led slowdown crimps earnings

Local stocks suffered the first back-to-back losses in two weeks amid weaker corporate earnings from Tencent, JD.com and tech peers as strategists cut China growth outlook.

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A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district. Photo: Reuters

BlackRock ditches bullish call on Chinese stocks and bonds on economic risks

BlackRock jettisoned its bullish stance on China as Covid lockdowns jeopardise the nation’s economic growth, triggering a steep drop in local stock prices.

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China’s ageing population a draw for asset managers eyeing pension savings

BlackRock and CCB’s joint venture launches its first pension product as China expands its private pension scheme to tap the country’s vast savings.

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Blackrock, Charles Schwab, Invesco, JPMorgan, PGIM on Fed’s rates

With inflationary pressure in the US, the Fed envisages seven rate increases this year, with another four next year, taking the Fed funds rate to 1.9 per cent by the end of 2022 and 2.8 per cent by the end of 2023

US Federal Reserve Chairman Jerome Powell testifies during the Senate Banking Committee hearing titled ‘The Semiannual Monetary Policy Report to the Congress’ in Dirksen Building in Washington, DC, on 3 March 2022. Photo: EPA-EFE

Money managers defeated as China stock funds bleed on mistimed optimism

The light at the end of the tunnel remained an illusion as major tech-focused funds took one of their heaviest beatings in years last quarter. A case of mistimed optimism?

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Investors took a heavy beating last quarter trying to decode China’s tech crackdown as price targets for Alibaba, Tencent and Meituan are chopped. Photo: Reuters

BlackRock turns modestly bullish on China stocks on policy easing bets

The world’s biggest money manager is turning modestly positive on tactical basis, saying the slowdown has reached levels policymakers can no longer ignore.

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China Briefing | George Soros, not BlackRock, is the one making a China blunder

The billionaire investor misunderstands the political dynamics of the country, writes Wang Xiangwei.

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BlackRock raises US$1 billion with China fund even as Soros takes swipe

BlackRock became the first global asset manager to win a licence for a wholly-owned onshore mutual fund business in China in June.

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Larry Fink, chairman and CEO of BlackRock. Fink says the asset manager is committed to helping more people in China meet their long-term goals, such as retirement. Photo: Jonathan Wong

George Soros, BlackRock take opposing tracks on China’s potential

Billionaire investors George Soros, an early investor in Hainan Airlines, said in an opinion piece that BlackRock expansion could harm investors, US security interests.

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Two women walk along a business street in Beijing after shopping. Photo: AFP

BlackRock votes against overstaying independent directors in Asia-Pacific

BlackRock, the world’s biggest money manager, has voted against the election of 1,448 independent directors in 819 listed companies in Asia-Pacific in the 12 months to June 30, according to its latest proxy voting report.

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Beijing policy, regulatory hawks unite UBS, BlackRock in rearguard action

A technology sell-off, Evergrande’s five-month plunge and the education technology stock wreckage are forcing investors to raise their defences against China’s unrelenting regulatory clampdown.

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BlackRock
贝莱德集团
The latest news, analysis and opinion on BlackRock. In-depth analysis, industry insights and expert opinion.
Chairman / President
Larry Fink
CFO / Finance Director
Martin Small
Industry
Banking, Financial Services, Fund & Asset Management
Website
blackrock.com
Headquarters address
50 Hudson Yards New York, NY 10001 U.S.
Stock Code
NYSE:BLK
Year founded
1988
last updated:
27 August, 2024
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