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BlackRock preparing to launch private fund in China
Add BT as a preferred sourcePublished Mon, Jul 17, 2017 · 09:50 PM
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Shanghai
BLACKROCK Inc, the world's largest money manager, said that it is preparing to start a private fund in China after the country opened the market wider to global players.
The firm plans to set up a wholly foreign-owned enterprise first for its private fund business in China, according to Chen Ting, general manager at BlackRock Overseas Investment Fund Management (Shanghai) Co, who was speaking at a press briefing organised by the Lujiazui Administration Bureau in Shanghai.
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