BlackRock backs off Chinese bonds

(Reuters) -Blackrock Inc has put off the launch of an exchange traded fund (ETF) that invests in Chinese bonds, amid growing tension between Washington and Beijing, the Financial Times said on Saturday.

The world’s largest money manager has “indefinitely” shelved the ETF, the newspaper said, citing people familiar with the decision.

According to one of the people, the move was made in part because of concerns about a backlash in Washington against bankrolling the Chinese government with U.S. capital, the report said.

Blackrock declined to comment.

Reuters had reported earlier in April that BlackRock was planning to launch its first product in China’s $220 billion onshore ETF market later this year and had started hiring staff accordingly.

The first Blackrock ETF product was scheduled for the fourth quarter, Reuters reported, which would add to 6.8 billion yuan ($1.07 billion) worth of assets the company manages through two mutual funds with investments in Chinese and Hong Kong stocks.

Investment firm Tiger Global also paused investing in Chinese equities, as it reassessed its exposure to the country after President Xi Jinping’s cemented his grip on power, the Wall Street Journal reported earlier this month.

($1 = 7.1066 Chinese yuan renminbi)

Cairns News saw a report where BlackRock had filed for bankruptcy but we will look for confirmation in the meantime.

About Editor, cairnsnews

One of the few patriots left who understands the system and how it has been totally subverted under every citizen's nose. If we can help to turn it around we will, otherwise our children will have nothing. Our investigations show there is no 'government' of the people for the people of Australia. The removal of the Crown from Australian Parliaments, followed by the incorporation of Parliaments aided by the Australia Act 1987 has left us with corporate government with policies not laws, that apply only to members of political parties and the public service. There is no law, other than the Common Law. This fact will be borne out in the near future as numerous legal challenges in place now, come to a head soon.

Posted on November 13, 2022, in China and tagged . Bookmark the permalink. 5 Comments.

  1. “In God We Trust” –

    Fox News: “This is a deeply troubling development.”
    Biden To Order US Dollar Replaced with Trackable “Spyware” Version?

    Former Advisor to Pentagon and CIA:
    “Your life savings and freedoms are at immediate risk. Do THIS today…”

    (Some truth mixed with BS)

    https://pro.paradigmnewsletters.org/p/awn_bidenbucks_newlife_0722/LAWNYB48/?h=true

    Like

  2. The ‘investment strategy of Blackrock is not much different to a bank:’ – meaning it operates on a ‘fractional reserve’ basis.

    For example: ‘Companies to take off like BlackRock will typically crash and burn cyclically at 34 years or 41-43 year intervals. BlackRock has peaked in its 34-year cycle and this is a serious concern. If all the investors demanded their money back, they would find that the investment strategy of BlackRock is not much different from a bank. A crisis in liquidity could easily arise forcing it to dump shares which could lead to 2023 low and it would also impact the real estate market. Even the rumor here in Florida is that BlackRock has bought more than 20,000 homes

    I strongly advise that you pay attention to BlackRock on Socrates for its near $10 trillion portfolio poses an equal and serious risk to the world economy during a liquidity crisis. It is way too big to manage on a liquid basis. A crisis in BlackRock would be equal to a sovereign debt crisis. A liquidity crisis in BlackRock will give a new meaning to Too Big to Fail.’

    https://www.armstrongeconomics.com/markets-by-sector/stock-indicies/is-blackrock-in-trouble/

    If Blackrock’s filing for bankruptcy is true, then this would amount to a sovereign debt crisis, as their managed assets are worth more then every country in the world, – with the exception of China and America.

    And if it does file for bankruptcy, then due to its fractional reserve type structure, a lot of people are going to lose their shirts.

    Maybe Blackrock is looking to China to bail them out?, – as nobody else will.

    Like

  3. Look at Vanguard as well, all Crooks

    Get Outlook for Androidhttps://aka.ms/AAb9ysg ________________________________

    Like

  4. Maybe – Maybe the light ((The real truth)) has hit Blackrock, and they now know what is starting to happen all along…
    For Its Security and Survival, China Must Understand Rothschild Zionism
    RICHARD SOLOMON • OCTOBER 11, 2022
    https://www.unz.com/article/for-its-security-and-survival-china-must-understand-rothschild-zionism/?utm_source=email&utm_campaign=daily

    Was Oswald Spengler right? Are we approaching the end of Western Civilization- or at least that West we knew? Perhaps Russia’s President Putin – (forget Putin, he is part of the NWO and WEF) – will preserve a piece of it, like the Irish monks who transcribed and hid the works of Aristotle and Plato during the Viking invasions. Barring a Mad Max apocalypse, it seems China stands poised to play the role of global influencer. – (Forget China, it is also part of the NWO and WEF.)

    If we accept that premise- then what kind of China?
    (he Rothschild Zionist plan seems to involve sucking the last drop of blood from the lethal walking corpse US Empire, and after total desiccation, moving on to a new host. China.)

    Imagine international banking and Rothschild Zionism at the helm of China’s awesome military, global trade routes, scientific innovation, and manufacturing capability. A Hieronymous Bosch hellscape—for both China, and the planet. But don’t jump yet.

    An unassailable granite mountain stands between the insatiable giant hydra of global finance and total world domination. That mountain is China- with President Xi standing at its summit. With its vast might,
    (China’s greatest threat comes not from the US Empire and vassal armies that amass outside its gates, but internally from Rothschild Zionist controlled sleeper cell traitors who patiently wait for the opportune moment to strike.)
    *******

    (To ensure its cultural and existential survival, China must fathom Rothschild Zionism like the woodsman in his sleeping bag fathoms the viper coiled around his ankle. The wrong move means goodbye.)

    For the purposes of this article, I define Rothschild Zionism in its present incarnation, as the amalgamation of Wall Street (global Jewish banking mafia families) and the Israel Lobby, along with their affiliated organizations, agencies, think tanks, spy networks, corporations, and agents.

    I in no way include righteous Jews, innocent little Jews, or beautiful creative Jews in with that. I love those Jews. For purposes of full disclosure, I identify as Jewish Hebrew Israelite, Jew, or K!ke (out of compassion for angry victims of Rothschild induced PTSD). Process that data as you see fit.

    Many on the reactionary right use the blanket term “Jews” when referring to Rothschild Zionism (or international Jewry). I disagree with this practice, as I believe it leads to irrational racism (the opposite of protecting and or celebrating one’s people, culture of race.) Through bitter experience, China understands the harmful consequences of irrational racism.
    –>What about the blanket term “Goyim” (cattle) used by the Jews when referring to non-Jews ?… See THE TRUTH ABOUT THE TALMUD,<–

    "The Jews are called human beings, but the non-Jews are not humans. They are beasts."
    Talmud: Baba mezia, 114b

    "The Jews are called human beings, but the non-Jews are not humans. They are beasts."
    Talmud: Baba mezia, 114b
    If this all gets published — ? Tomorrow the rest will follow.
    Because I not like to compile and do lots of research and then not being published.
    Accumulating good data does take a fair amount of time.
    Maybe until tomorrow.

    Like

  1. Pingback: BlackRock backs off Chinese bonds – debtstop

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