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”


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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