BlackRock faces key test in $15 trillion China asset market
BlackRock is gearing up for the first test of Chinese investor appetite for its own mutual fund products, more than 15 years after entering the world’s most promising wealth market.
The company’s new China unit is launching its debut product on August 30, just two months after winning regulatory approval to become the nation’s first wholly foreign-owned mutual fund firm. In addition, its wealth management joint venture with China Construction Bank and Singapore’s Temasek said on Friday it is offering a maiden quant product on September 1.
Washington Post
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