Menu Close

BlackRock gets licence for China wealth management JV with CCB, Temasek

This post was originally published on this site

(Corrects description of BlackRock to fund house, not private equity firm, in the second paragraph)

© Reuters/LUCAS JACKSON FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York

SHANGHAI (Reuters) – BlackRock Inc said on Wednesday it had received a licence in China for a wealth management venture with China Construction Bank Corp (CCB) and Singapore state investor Temasek Holdings (Pte) Ltd.

The China Banking and Insurance Regulatory Commission (CBIRC) granted the licence, the U.S. fund house said in a statement.

(Reporting by Shanghai Newsroom; Editing by Christopher Cushing)

Continue Reading