Effective July 16, BlackRock now requires employees traveling to China to carry temporary loaner phones instead of company-issued devices.
BlackRock Limits Use of Company Devices During Travel to China
7 minutes ago
BlackRock, the world’s largest asset management firm, has reportedly instructed employees traveling to China on business to avoid using company-issued devices, including laptops, iPhones, and iPads, according to Bloomberg News citing an internal memo.
Instead, employees are required to use temporary “loaner” phones while in China. The firm has also prohibited remote access to its internal systems via VPNs, even during personal visits to the country. Staff will be denied access to the company network for the duration of their stay.
The move comes amid growing concerns over digital security and increasing scrutiny of foreign travelers by Chinese authorities. It reflects broader corporate caution as geopolitical tensions escalate.
BlackRock has not yet responded to media inquiries, and Reuters has not independently confirmed the Bloomberg report.
This development follows recent incidents, including a U.S. Patent and Trademark Office employee being blocked from leaving China while traveling in a personal capacity. Earlier in July, a Wells Fargo banker was also prevented from departing the country, with Chinese officials stating the case involved criminal matters.
