The world’s largest asset manager on Friday said that it will be permitted to start a fully owned mutual fund business in China. This is another milestone in Beijing’s endeavour to open up its financial sector and reinforce its indispensability to global markets. American asset manager BlackRock, which managed US$8.68 trillion in AUM at the end of December, said the…
Beijing allows BlackRock to run its own mutual fund shop in China
11 June 2021

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