TOPIC

/ company

BlackRock

(贝莱德集团)

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

K-pop group Enhypen performs in Macau on January 26, 2024. Photo: Belift Lab

Banking & finance

BlackRock’s AI is watching – and helping to make stock picks

How asset managers are exploring the use of artificial intelligence, while regulators including Hong Kong’s watchdog try to set guard rails.

18 Nov 2024 - 7:30AM

Artificial intelligence

Microsoft and BlackRock aim for US$30 billion AI investment

18 Sep 2024 - 10:00AM

Bitcoin

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

29 May 2024 - 4:59PM

Blockchain

US allows spot ether ETFs in surprise win for crypto sector

Trading could begin later this year, as the ETF issuers sill have to get the green light before launching the products.

24 May 2024 - 10:36AM

The US Securities and Exchange Commission has approved applications from several exchanges to list spot ether ETFs. Photo: Reuters

Banking & finance

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.

21 May 2024 - 3:04AMvideocam

US-China relations

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.

31 May 2024 - 8:43AM

China property

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.

22 Jan 2024 - 4:45PM

Grade A offices in Shanghai (above) and Beijing used to be sought after by global real estate funds, making them more attractive than those in New York and London. Photo: Xinhua

Business of climate change

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.

12 Dec 2023 - 3:30PM

Banking & finance

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.

17 Oct 2023 - 5:00PMvideocam

Hong Kong stock market

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.

20 Sep 2023 - 4:49PM

Pedestrians walk outside the Exchange Square, the building housing the stock exchange, in Hong Kong in March 2023. Photo: EPA-EFE

China stock market

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.

19 Sep 2023 - 9:10PMvideocam

Business of climate change

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.

15 Sep 2023 - 6:00AMvideocam

Banking & finance

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.

2 Aug 2023 - 12:58PM

China stock market

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.

31 Jul 2023 - 4:17PMvideocam

A man is seen inside the Shanghai Stock Exchange building in February 2020 during the Covid-19 pandemic. Photo: Reuters

China stock market

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.

30 Jun 2023 - 1:29PM

China stock market

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.

27 Jan 2023 - 7:30AMvideocam

Banking & finance

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.

15 Sep 2022 - 10:41PMvideocam

Climate Change Hong Kong Summit

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.

19 Jun 2022 - 12:00PMvideocam

Amar Gill, managing director and head of investment stewardship in Asia-Pacific at Blackrock, takes part in a panel discussion at SCMP’s Climate Change Hong Kong Summit 2022 at Island Shangri La on June 16, 2022. Photo: SCMP / Yik Yeung-man

Hong Kong stock market

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.

24 May 2022 - 5:11PMvideocam

Stocks

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.

10 May 2022 - 8:54AM

China's ageing population

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.

25 Apr 2022 - 7:43PMvideocam

People aged 65 and above accounted for 14.2 per cent of the total population in China in 2021. Photo: Xinhua

Explainers: Business

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

17 Mar 2022 - 12:45PM

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

Hong Kong stock market

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?

8 Nov 2021 - 7:30AMvideocam

Hong Kong stock market

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.

12 Oct 2021 - 10:21PMvideocam

China Briefing

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.

11 Sep 2021 - 9:30AM

Crowds flock to Universal Studios Beijing after its soft opening. The opening of the theme park is the latest symbol of the interconnectedness between China and the US. Photo: AP

Banking & finance

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.

8 Sep 2021 - 10:51PMvideocam

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

Banking & finance

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.

7 Sep 2021 - 10:59PMvideocam

ESG investing

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.

26 Jul 2021 - 8:30AMvideocam

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