Fink Prods China With ‘Assertive’ Disclosure Demands (1)

Oct. 13, 2021, 1:53 PM

BlackRock Inc. is pressing for greater openness in China’s financial system, as global investors move more money into the country, Chief Executive Officer Larry Fink said.

“We need more disclosure, we need more transparency at every corporate level, if we’re going to own those companies’ shares,” Fink, 68, said in a CNBC interview Wednesday after his New York-based company announced third-quarter results. “We have been very assertive, how China should be moving forward, how they should be opening up their capital markets.”

Larry Fink, chief executive officer of BlackRock Inc.
Photographer: Simon Dawson/Bloomberg

Fink’s comments underscore the balancing act Wall Street CEOs face with China. The financial opening of the ...

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