Group 1 - BlackRock's stake in Haier Smart Home increased from 6.99% to 7.18% as of June 26 [1]

Group 1 - BlackRock's stake in China Petroleum & Chemical Corporation increased from 6.92% to 7.26% as of June 26 [1]

Group 1 - BlackRock's stake in Industrial and Commercial Bank of China (ICBC) decreased from 5.06% to 4.92% on June 26 [1]

Core Insights - BlackRock's stake in Industrial and Commercial Bank of China (ICBC) decreased from 5.06% to 4.92% as of June 26 [1] Company Summary - BlackRock's ownership in ICBC has seen a reduction, indicating a potential shift in investment strategy or market sentiment [1]

智通财经7月2日电，香港交易所信息显示，贝莱德在蒙牛乳业的持股比例于06月26日从5.94%升至 6.23%。 ...

Market Capitalization Summary - Oracle has a market capitalization of 806.88 billion, while Visa stands at 655.99 billion [2] - Procter & Gamble has a market capitalization of 378.02 billion, and ExxonMobil is at 512.70 billion [2] - Mastercard's market capitalization is 470.87 billion, and Bank of America is at 375.11 billion [2] - UnitedHealth has a market capitalization of 308.53 billion, while ASML is at 310.77 billion [2] - Coca-Cola's market capitalization is 295.75 billion, and T-Mobile US Inc is at 273.60 billion [2] Stock Performance - Oracle's stock increased by 0.46 (+0.47%), while Visa's rose by 0.47 (+0.13%) [2] - Procter & Gamble's stock saw a slight increase of 2.68 (+0.48%), while ExxonMobil's stock increased by 1.92 (+1.20%) [2] - Mastercard's stock increased by 1.46 (+1.35%), and Bank of America's stock rose by 3.15 (+2.06%) [2] - UnitedHealth's stock decreased by 11.21 (-1.40%), while ASML's stock increased by 0.93 (+1.31%) [2] - Coca-Cola's stock increased by 14.05 (+4.50%), and T-Mobile US Inc's stock rose by 3.31 (+1.39%) [2] Additional Company Insights - McDonald's has a market capitalization of 212.78 billion, while AT&T is at 207.73 billion [3] - Uber's market capitalization is 192.79 billion, and Verizon's is at 184.08 billion [3] - Caterpillar's market capitalization is 183.87 billion, while Qualcomm is at 174.99 billion [3] - BlackRock has a market capitalization of 163.25 billion, and Citigroup is at 161.13 billion [3] - Boeing's market capitalization is 158.16 billion, while Pfizer is at 142.36 billion [3] Recent Market Movements - Intel's stock increased by 0.45 (+1.99%), while Dell Technologies rose by 0.82 (+0.16%) [4] - Rio Tinto's market capitalization is 746.07 billion, and Newmont is at 654.78 billion [4] - General Motors has a market capitalization of 494.87 billion, while Target is at 472.00 billion [4] - Ford's market capitalization is 451.14 billion, and Valero Energy is at 432.26 billion [4] - Vodafone's market capitalization is 241.45 billion, while Pinterest is at 270.30 billion [5]

Group 1: BlackRock and Mubadala Partnership - BlackRock Inc. and Mubadala Investment have decided to end their Asian private credit collaboration due to difficulties in sourcing deals, particularly in China and Indonesia [1][8] - The partnership, initiated in 2023, involved Mubadala committing to match every U.S. dollar invested by BlackRock, but has only allocated a small portion of its capital due to challenging deal origination [2][8] Group 2: BlackRock's Expansion in Private Markets - BlackRock is actively enhancing its private markets capabilities to achieve higher returns, including the acquisition of Preqin for $3.2 billion in March 2025 and HPS Investment Partners in December 2024 [3][4] - The company has set a target of $400 billion in private markets fundraising by 2030, anticipating the private credit market to grow to $4.5 trillion by that time [4] Group 3: Market Performance and Competitors - Over the past year, BlackRock shares have increased by 33%, outperforming the industry growth of 20.7% [5] - Other firms, such as JPMorgan and Citigroup, are also expanding in the private credit market, with JPMorgan announcing a $50 billion allocation for direct lending and Citigroup partnering with Apollo Global for a $25 billion private credit program [9][11]

Core Viewpoint - The report from BlackRock highlights the reevaluation of the US dollar's status as the world's reserve currency amid trade disruptions and increasing US government debt [1] Group 1: Dollar's Status - The weakening of the dollar coincides with significant risk events for the first time since 2002, prompting institutions to reconsider the reliability of US assets [1] - Speculation about the dollar losing its reserve currency status is deemed premature, and a complete "de-dollarization" is still a long way off [1] Group 2: US Government Debt - BlackRock expresses concern over the dangerous state of US government debt, suggesting that if left unchecked, it poses the greatest single risk to the US's "special status" in financial markets [1]

同时，美国国债供应量持续增加，市场吸收能力面临考验。贝莱德分析，美联储货币政策与长期美债收益率关联性减弱，即便降息，国债收益率 也可能因供应过剩上升。且外国央行和投资者对美债需求下降，美国政府每周超5000亿美元债务发行或"无人接盘"，这将推高借贷成本，加剧财 政压力，挤占其他领域预算。 面对潜在风险，贝莱德建议投资者采取多元化策略，降低对美债依赖，可增加短期美债配置，探索美国以外投资机会。 【环球网财经综合报道】6月30日，全球最大资管公司贝莱德发布重磅警告，称美国国债规模激增正成为威胁其金融市场特殊地位的最大隐患，或 削弱投资者对美元及长期美债信心，推动全球资本外流。 目前，美国联邦债务规模已突破36万亿美元且仍在攀升，无党派分析人士预测，特朗普政府推动的新法案或在未来十年新增5万亿美元国债负担。 贝莱德在报告中指出，美国政府债务已进入"危险处境"，若不控制，将冲击美国在全球金融市场的"特殊地位"，即美元作为世界储备货币、美债 作为全球安全资产的独特优势。 特朗普重返白宫后推行的关税政策加剧市场不确定性，引发对美元储备地位的质疑。贝莱德认为，虽然"去美元化"短期牵强，但美国债务扩张为 其埋下隐患，债务问题 ...

Core Insights - BlackRock launched the iShares Global Government Bond USD Hedged Active ETF (GGOV), the first actively managed ETF providing USD-hedged exposure to global government bonds, addressing the demand for diversified fixed income solutions [1][5] - The fund has an expense ratio of 0.39% and follows the Bloomberg Global Treasury USD Hedged Index as its benchmark, with historical performance indicating better returns with less volatility compared to U.S.-only bond indices [2] - GGOV aims to mitigate overexposure to long-dated U.S. Treasuries, which are seen as increasingly risky, by providing a worldwide strategy that enhances yields and reduces risk when U.S. interest rates exceed international rates [4] Market Context - The launch of GGOV coincides with a period of elevated inflation, large budget deficits, and rising issuance, making it a valuable tool for U.S. asset allocators [3] - The ETF is positioned to meet the needs of investors reassessing their bond exposures in light of global rate changes and ongoing inflation, combining active alpha creation with a USD hedge for both defense and diversification [5] - GGOV is part of BlackRock's expanding fixed income offerings, contributing to its $52 billion U.S. active ETF platform and its $1 trillion global bond ETF franchise [5]