BlackRock wins Chinese regulatory approval for onshore mutual fund business

The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri

BlackRock (BLK.N) said on Friday it had been granted approval from Chinese regulators to start a wholly-owned onshore mutual fund business in China.

The China Securities Regulatory Commission granted approval for BlackRock Fund Management Co to start the operation, the company said in a statement.

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