Commentary The Reuters headline said: “BlackRock expands footprint with wealth management in China.” It should have said: “Beijing Gets a Chokehold on BlackRock and Its CEO Larry Fink.” Reuters was reporting the superficial fact that the financial authorities of China gave permission last week to BlackRock (a major Wall Street Investment Fund) to operate a wealth management company in China in which it owned a majority share. This was described in glowing terms as a giant step forward for the Fund which would be able to start managing the huge, accrued savings of China’s families and billionaires. Indeed, there may be some truth in that. BlackRock may well make some additional money from its business in China. But the far more important news was not reported. It was that BlackRock CEO Larry Fink had just been taken completely hostage by the Chinese Communist Party (CCP). As one of the world’s …