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Black Rock In China. LONDON BlackRock the worlds largest asset manager has responded to sharp criticism from billionaire investor George Soros over the firms investments in China. Business Today Desk.
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Writing in The Wall. In August 2021 BlackRock set up its first mutual fund in China after raising over one billion dollars from 111000 Chinese investors. The issue is a decision by BlackRock CEO Larry Fink to open the first foreign-owned mutual fund in China presumably to attract the savings of Chinas new and fast disappearing middle income population.
Know about this growing economy with BlackRock.
To help discover the opportunities these changes provide you need a trusted partner who is not only an expert on China but can apply their knowledge expertise and judgement in creating portfolios that can deliver the best of Chinese markets to you. Received approval from the China Securities Regulatory Commission to set up a wholly-owned mutual fund management company in the country. BlackRock sells 200 mln China Telecom stake after US. Has held preliminary discussions with Tencent Holdings Ltd.
