BlackRock Given The Right To Invest In Chinese Capital Markets
One of the world’s largest asset managers, big enough that it could end up being designated as a SIFI along with major US banks, BlackRock, Inc. (NYSE:BLK) has now been given direct access to one of the world’s most important markets. BlackRock Asset Management North Asia Limited was given a Renminbi Qualified Foreign Institutional Investor (RQFII) license that gives it the right to make investment in China’s capital markets . . .
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