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

© Reuters. FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson

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

SHANGHAI (Reuters) – BlackRock Inc (NYSE:) said on Wednesday it had received a licence in China for a wealth management venture with China Construction Bank (OTC:) 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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a Reply