BlackRock and Schroders gain China private fund manager licence

China’s fund industry body has granted private fund manager (PFM) licences to the wholly foreign-owned enterprises (WFOEs) of BlackRock Inc. and Schroders, allowing the global asset managers to offer onshore investment products to institutional and high net worth investors in the Mainland. BlackRock Investment Management (Shanghai) and Schroders Investment Management … http://bit.ly/2mvruiZ

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