BlackRock Receives Private Fund Management Registration in China

Hong Kong/Shanghai/Beijing, 28 December 2017 – BlackRock’s wholly foreign-owned enterprise in Shanghai, BlackRock Investment Management (Shanghai) Co., Ltd., has successfully registered with Asset Management Association of China (AMAC) as a Private Fund Management (PFM) company.

The registration allows the offering of onshore investment products to eligible institutional and high net worth investors in China.

Ryan Stork, Chairman, Asia Pacific, said, “China is one of the most promising investment markets globally, and is a key component to BlackRock’s global strategy. The PFM registration is a significant milestone for BlackRock as we serve our fiduciary duty to deliver the best investment opportunities for our global and local clients.”

Over the years, BlackRock has established a solid track record as a global leader in China investments, both onshore and offshore through various investment programs. BlackRock’s onshore China investment quotas under Qualified Foreign Institutional Investor (QFII) and Renminbi Qualified Foreign Institutional Investor (RQFII) schemes currently amount to approximately US$9.5 billion (as of November 2017). Additional access to the China capital markets includes our participation in the Stock Connect programs, as well as the launch of two Qualified Domestic Limited Partnership (QDLP) products for Chinese high net worth investors.

Mr. Stork added, “We are encouraged by China’s ongoing capital markets reform, and remain committed to expanding our local presence, building onshore team and local infrastructure, and sharing our expertise in global asset and risk management to meet client’s increasing demand for investment diversification. It is our long-term goal to offer the best China investment opportunities to global and local clients, as well as the best global opportunities to our clients in China.”

Contact

BlackRock
Cynthia Ng
Phone : (+852) 3903 2553
cynthia.ng@blackrock.com

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