Sou Hu Cai Jing·2025-08-23 23:50Group 1 - BlackRock manages $12.53 trillion in assets, equivalent to China's annual GDP [2] - The company has significant stakes in major Chinese firms such as BYD (7.02%), Kuaishou (5.18%), and Alibaba (2.53%) [3][13] - BlackRock's influence extends to various sectors, including renewable energy, technology, finance, and consumer goods [3][13] Group 2 - Larry Fink, the CEO of BlackRock, has a background in finance and led the company to become the largest asset management firm globally after acquiring Barclays' asset management division in 2009 [4][7] - The company has faced scrutiny related to its ESG policies during Democratic administrations but has also benefited from favorable conditions under Republican leadership [9] - BlackRock's Aladdin system is a powerful risk management platform used by over 170 financial institutions globally, including 37 in China [11][13] Group 3 - BlackRock's investment strategy includes direct participation in China's capital markets, having obtained a full public fund license in 2021 [15] - The company is involved in significant transactions, such as the proposed acquisition of 43 overseas ports from Li Ka-shing for $22.8 billion, which raised national security concerns [17][18] - China is enhancing regulatory measures to manage foreign investments, including a new policy for foreign public funds and scrutiny of major transactions [21][23] Group 4 - BlackRock's expansion continues with new products like tokenized funds and a growing interest in ESG investments, demonstrating its resilience in a fluctuating market [28][30] - The company is seen as a potential threat to national interests due to its extensive data collection and influence over key financial institutions in China [11][13][30] - China's strategy involves a combination of regulatory frameworks, technological advancements, and protection of strategic assets to safeguard its economic sovereignty [26][28]