BlackRock Advisers UK has received second renminbi qualified foreign institutional investor (RQFII) licensee from China Securities Regulatory Commission (CSRC).
The license will allow the UK-based asset manager to invest in the domestic capital markets in China, including the A-Share equity and onshore bond markets.
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Additionally, BlackRock will apply for investment quotas under the license from the State Administration of Foreign Exchange.
Thomas Fekete, head of the iShares product team Emea at BlackRock, said: "China is an important investment destination for our clients globally and we are proud to be among the first asset managers in London to be able to offer direct access to Chinese investments.
"The award of our second RQFII licence complements our existing China access licences and is recognition by the CSRC of our commitment to growing the BlackRock China business. It means we will be able to add to the investment solutions we offer to our clients," he added.
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