EconomyBlackRock gains QDII status in China as Beijing signals wider financial opening
US asset manager BlackRock has secured Qualified Domestic Institutional Investor status in China, becoming the first wholly foreign-owned public fund manager to receive the qualification. It allows firms to raise money in China and manage some or all of it through overseas securities investments, with further openings expected.
BlackRock gains QDII status in China as Beijing signals wider financial opening
Economy