Salem Radio Network News Sunday, June 20, 2021

Business

BlackRock wins Chinese regulatory approval for onshore mutual fund business

SHANGHAI (Reuters) – BlackRock said on Friday it had been granted approval from Chinese regulators to start a wholly-owned onshore mutual fund business in China.

The China Securities Regulatory Commission granted approval for BlackRock Fund Management Co to start the operation, the company said in a statement.

(Reporting by Samuel Shen and Andrew Galbraith: Editing by Neil Fullick)

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