BlackRock imposes restriction on use of company devices for China travel
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BlackRock has asked its staff visiting China for business trips to use temporary loaner phones and avoid using company laptops, Bloomberg News reported on Tuesday, citing an internal memo.The world's largest asset manager told its staff that using company-issued employee devices, including iPhones and iPads, is not permitted, the report said.BlackRock also barred the use of company laptops or remote access via virtual private networks, the report said, adding that employees will not have access to the BlackRock network during personal travel in China.Reuters could not immediately verify the report. A source familiar with the matter, however, told Reuters that this is not a new policy.The report comes as firms witness China's growing hold over access during travel to the nation.On Monday, the U.S. State Department said that the Chinese government had blocked an unnamed U.S. Patent and Trademark Office employee visiting the Asian country in a personal capacity from leaving.Earlier this month, a Wells Fargo banker was also blocked from leaving China. Beijing's foreign ministry said the banker was involved in a criminal case.BlackRock did not respond to a request for comment.(Reporting by Ateev Bhandari and Pretish M J in Bengaluru; Editing by Mrigank Dhaniwala)
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STORY CONTINUES BELOW THIS AD China's planned Xinjiang-Tibet railway line China's Xinjiang-Tibet railway line is expected to cross from Aksai Chin and close to the G219 national highway, near the Line of Actual Control. The railway line will connect Hotan in Xinjiang to Shigatse in Tibet, joining with the existing Lhasa-Shigatse line, reported the South China Morning Post (SCMP). This will form a nearly 2,000 km strategic artery that will link northwestern and southwestern China. As per reports, the first section of this line will be from Shigatse to Pakhuktso. The railway line is likely to pass through Rutog and around Pangong Lake on the Chinese side of the LAC. 'This ambitious project aims to establish a 5,000 km plateau rail framework centred on Lhasa by 2035,' Hubei-based Huayuan Securities said in a research note last week. The route will have an average elevation of more than 4,500 metres, running through the Kunlun, Karakoram, Kailash and Himalayan mountain ranges. 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