BlackRock has approval from Chinese regulators for onshore mutual fund business in China

News

BlackRock says it has approval from the China Securities Regulatory Commission to launch a wholly-owned onshore mutual fund business in China.

Info via Reuters with no further details at this stage. 

BlackRock is an investment management business in New York

  • world’s largest asset manager
  • $8.67 trillion in assets under management (Jan 2021 number)

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