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BlackRock gets regulatory nod to launch China fund company Print BlackRock Friday said it has won final approval from China s regulators to launch a wholly-owned mutual fund business in China. The China Securities Regulatory Commission granted BlackRock approval for Shanghai-based BlackRock Fund Management Co. Ltd. to begin operations, according to a BlackRock news release. The New York-based firm – the world s largest money management firm with $9.01 trillion in assets under management as of March 31 – becomes the first foreign money manager to get a license to run a 100%-owned fund management company on the mainland since Beijing opened the door for that option in April 2020.

China securities regulatory commissionChina construction bankBlackrock fund management coTemasek groupBlackrock fridayShanghai based blackrock fund managementNew york basedசீனா பத்திரங்கள் ஒழுங்குமுறை தரகுகருப்பு பாறைசீனா கட்டுமானம் வங்கிதேமாஸேக் குழுபுதியது யார்க் அடிப்படையிலானது