NEW YORK -- Major U.S. financial institutions helped steer billions of dollars into Chinese companies blacklisted for their association with China's military or alleged human rights abuses, a congressional committee investigation has found.
A report released Thursday, compiled by a House committee in charge of crafting strategies to counter China, found that $6.5 billion was funneled last year through index funds to 63 Chinese companies blacklisted or red-flagged by the U.S. government.
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