[BEIJING] China has approved a wealth management joint venture between US asset manager BlackRock, Singapore state investor Temasek Holdings and China Construction Bank (CCB), as China gradually opens up its financial sector to international firms. Read more at The Business Times.
China has approved a wealth management joint venture between US asset manager BlackRock, Singapore state investor Temasek Holdings and China Construction Bank , as China gradually opens up its financial sector to international firms.[BEIJING] China has approved a wealth management joint venture between US asset manager BlackRock, Singapore state investor Temasek Holdings and China Construction Bank , as China gradually opens up its financial sector to international firms.
The announcement, which confirms what people with direct knowledge of the matter told Reuters in December, was announced on the website of the China Banking and Insurance Regulatory Commission on Saturday.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.
Top global financial players have long sought to increase their presence in the relatively fast-growing Chinese economy, and in October last year China scrapped some restrictions on foreign banks' operations in the country.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China approves BlackRock, Temasek and CCB joint wealth ventureBEIJING: China has approved a wealth management joint venture between US asset manager BlackRock, Singapore state investor Temasek Holdings and ...
Read more »
China cracks down on online activities that lure youngsters to idolise celebrities blindlyBEIJING (CHINA DAILY/ASIA NEWS NETWORK) - The Cyberspace Administration of China has launched a campaign to combat online activities that lure young people to spend large amounts of money on entertainment stars, irrationally follow their idols and become involved in mudslinging with fans of rival popular performers.. Read more at straitstimes.com.
Read more »
Beijing says residents can go mask-free as China COVID cases hit new lowsHealth authorities in China's capital Beijing have removed a requirement for people to wear masks outdoors, further relaxing rules aimed at preventing the spread the novel coronavirus after the city reported 13 consecutive days without new cases. Despite the relaxed guidelines, a large proportion
Read more »
India slaps new curbs on visas, schools to stem China influenceNEW DELHI (BLOOMBERG) - India is stepping up its curbs on Chinese activity in the country, adding extra scrutiny for visas and reviewing Beijing's links with local universities, as relations between the two nations continue to nose-dive.. Read more at straitstimes.com.
Read more »
China giving experimental coronavirus vaccines to high-risk groups since July, says officialBEIJING (REUTERS) - China has been giving experimental coronavirus vaccines to groups facing high infection risks since July, a health official told state media.. Read more at straitstimes.com.
Read more »