Highlights –
- U. S Global asset manager BlackRock de-registers from Shanghai unit.
- It voluntarily cancelled the business registration of its WFOE unit in Shanghai.
- China had opened its mutual fund industry to foreign managers last April.
- BlackRock is launching a wealth management JV in China with Temasek and China Construction Bank.
Asset Management Asso....
Tags : ASSET MANAGEMENT ASSOCIATION OF CHINA, AMAC, U.S ASSET MANAGEMENT COMPANY, WHOLLY FOREIGN-OWNED ENTERPRISE, WFOE, SHANGHAI, CHINA CONSTRUCTION BANK,
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