BlackRock gets licence for China wealth management JV with CCB, Temasek

Reuters2021-05-12

SHANGHAI, May 12 (Reuters) - BlackRock Inc said on Wednesday it had received a licence in China for a wealth management venture with China Construction Bank Corp $(CCB)$ and Singapore state investor Temasek Holdings (Pte) Ltd .

The China Banking and Insurance Regulatory Commission (CBIRC) granted the licence, the U.S. private equity firm said in a statement.

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