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BlackRock expands China footprint with wealth management licence FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson May 12, 2021 BlackRock Inc 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 U.S. fund giant said on Wednesday its wealth management venture with a unit of China Construction Bank Corp (CCB) and Singapore state investor Temasek Holdings (Pte) Ltd can now start business. The venture, 50.1% owned by BlackRock and 40% by CCB’s wealth management unit, will draw on BlackRock’s investment expertise and CCB’s vast distribution network, the U.S. firm said in a statement.

Guo shuqingLaurence finkChina construction bank corpBlackrock incWealth management ltdInsurance regulatory commissionTemasek holdings pte ltdTemasek holdingsChina bankingManagement ltdலாரன்ஸ் ஃபிங்க்கருப்பு பாறைசீனா கட்டுமானம் வங்கி கார்ப்கருப்பு பாறை இன்க்செல்வம் மேலாண்மை லிமிடெட்காப்பீடு ஒழுங்குமுறை தரகு