BEIJING: China has approved a wealth management joint venture between US asset manager BlackRock, Singapore state investor Temasek Holdings and ...
BEIJING: China has approved a wealth management joint venture between US asset manager BlackRock, Singapore state investor Temasek Holdings and China Construction Bank Corp , as China gradually opens up its financial sector to international firms.
The deal comes as China's government looks to open up its financial market to foreign firms, offering potentially rich rewards for international fund managers and others in the broader financial sector.
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