BlackRock Partners with the CCP

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China opens the doors to BlackRock Inc. as the first onshore mutual fund business to tap into their $3.5 trillion mutual fund industry. And because of their open arms, BlackRock promises to help more Chinese investors access financial markets, or should I say U.S. market, to lay the final blow.

“We are honored to be in a position in which we can support more Chinese investors access financial markets,” BlackRock Chief Executive Officer Larry Fink said in a statement on Friday.

But the madness doesn’t end there as other global asset managers look to join into the game such as Neuberger Berman, Schroders PLC (SDR.L) and Fidelity International.

In other announcements, BlackRock owns a mutual fund stake with the Bank of China and positions itself to extend its products to their clients across China. Middle to low end real estate globally.

“Our view at BlackRock has always been that we need to be immersed in local markets around the world, so we can respond to the unique needs and objectives of our clients in their home markets,” said BlackRock Head of China Tony Tang.

Tony Tang—BlackRocks Head of China

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