BlackRock gets regulators' approval to set up China mutual fund unit

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BlackRock has become the first global asset manager to win regulatory approval to set up a mutual fund unit in China, as Beijing throws open its 17.7 trillion yuan ($2.58 trillion) sector.

FILE PHOTO: A sign for BlackRock Inc hangs above its building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson

The world’s biggest asset manager by assets got the green light on Aug. 21 to form a wholly-owned subsidiary in Shanghai, the China Securities Regulatory Commission said on its website late on Friday.

 

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But Chinese apps are bad...

BlackRock manages money, follows the money!

Yikes

Strengthening a communist country who is building their military up quicker than any other country is not smart

Yet Trump is concerned about banning Tik Tok?!?

Read the room BlackRock.

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More China.. After CCP stole your technologies, threatened your civilians by taking hostages of them, endless military threats.. Wall Street is still funding China to do more harm to US Well done

cryptohodler16 now that’s entertainment

Really... Where is Trump on this?

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