Consumers’ Research, the nation’s oldest consumer advocacy organization, sent a Dec. 2 letter (pdf) to ten U.S. governors warning them about the reliance of their states’ pension funds on BlackRock’s strong ties to China. BlackRock, under its CEO Larry Fink, is the first foreign-owned company to receive a license to operate in China’s $3.5 trillion mutual fund industry, Forbes reported. Consumers’ Research executive director William Hild sent the warning to the governors of Washington, Florida, New York, Nevada, South Carolina, Oklahoma, Pennsylvania, Montana, Nebraska, and West Virginia—the ten states with the most investments in BlackRock. Washington has invested the most money, with $13 billion of its state pension fund invested in BlackRock. The letter, coming after the findings in the 2021 Report to Congress, was sent to “raise awareness among American consumers that BlackRock is taking their money and betting on China,” said Hild. “In so doing they are putting American security at risk, along with billions …