BlackRock registers for private fund management in China

BlackRock registers for private fund management in China

File photo of a BlackRock building in New York June 12, 2009. REUTERS/Eric Thayer

US-based heavyweight asset manager BlackRock’s Shanghai arm has bagged a private fund management (PFM) registration in China which will now allow it to sell onshore investment products to Chinese institutional and high net worth investors.

The global investor’s wholly foreign-owned enterprise in Shanghai, BlackRock Investment Management (Shanghai) Co Ltd registered with Asset Management Association of China (AMAC), a statement said last week.

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