FYI: BlackRock Inc. is considering seeking a mutual-funds license in China, people with knowledge of the matter said, as the world’s largest asset manager pursues ways to expand and exert more control over its operations in the nation.
As part of the plan, BlackRock is in talks to sell its 16.5 percent stake in Bank of China Investment Management Co., the people said. The firm has also been in discussions with the China Securities Regulatory Commission about applying for its own license and setting up a majority-controlled joint venture, two of the people said, asking not to be named because the deliberations are private.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-11-18/blackrock-is-said-to-weigh-setting-up-mutual-funds-unit-in-china
