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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