BlackRock Raises $1 Billion for First Chinese Mutual Fund Run by Foreign Firm

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BlackRock has raised roughly $1 billion for the first-ever mutual fund solely run by a foreign firm that is allowed to sell to Chinese individuals

Source: Financial Digest (financialdigest.net)

 

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good to hear

Hmm… how exactly will this work? How did they get the CCP banks and apps to go along? Plus, China just started digital currency. Yeah, it’s BlackRock but even they… will fail. China is going all in domestically. Period.

Seriously insignificant compared to the Chinese domestically owned funds...

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