BlackRock wins licence in China for wealth management venture
US fund giant has set up shop with a unit of China Construction Bank Corporation and Temasek
12 May 2021 - 17:31
Shanghai — BlackRock has received a licence in China for a majority-owned wealth management venture, expanding its footprint in the country’s fast-growing asset management market.
The US fund giant said on Wednesday its wealth management venture with a unit of China Construction Bank Corporation (CCB) and Singapore state investor Temasek can now start business...
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