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Is BlackRock's New China Quota For iShares ETFs A Big Deal? Yes And No

TedTed
in The Bullpen
FYI: BlackRock announced Thursday that it has become the first U.S.-based asset manager to score a prized quota to invest in mainland China capital markets.

The Renminbi Qualified Foreign Institutional Investor (RQFII) quota of $1.6 billion (11 billion renminbi, or yuan) allows BlackRock Fund Advisors, a unit of BlackRock Inc. (BLK), to invest in China's onshore equity and fixed-income markets.
Regards,
Ted
http://www.investors.com/etfs-and-funds/etfs/is-blackrocks-new-china-quota-for-ishares-etfs-a-big-deal-yes-and-no/
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