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BlackRock Raises $1 Billion for First Chinese Mutual Fund Run by Foreign Firm


BlackRock Inc. has raised roughly $1 billion for the first-ever mutual fund solely run by a overseas agency that’s allowed to promote to Chinese language people.

The fundraising whole, 6.68 billion yuan, marks a key milestone in U.S. and world asset managers’ yearslong quest for an even bigger presence on this planet’s second-largest economic system.



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