Sino-File

Fink about China

“If anything the Chinese are looking for greater participation of global firms in their asset management space because they have a growing retirement crisis”

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Larry Fink, CEO of fund management giant BlackRock, tells shareholders in his annual letter that his ambitions in China have not been curtailed by trade tensions. “We hope to have a majority-controlled asset management [business] in China and we are very engaged with Chinese regulators.” The Financial Times says BlackRock has been in talks with CICC Fund Management.


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