BlackRock inaugurates US RQFII market

Paolo Danese

March 02, 2017 02:30 am

blackrock px230 — BlackRock headquarters is shown Wednesday, Feb. 15, 2006, in New York. Retail brokerage giant Merrill Lynch & Co. Inc. has agreed to combine its investment-management business with money manager BlackRock Inc. in exchange for a nearly 50 percent stake in the company, the two sides said Wednesday. (AP Photo/Mark Lennihan) | MARK LENNIHAN/AP/Press Association Images

BlackRock has received the very first RMB qualified foreign institutional investor (RQFII) quota under the US allocation from the State Administration of Foreign Exchange, in yet another sign that global asset managers are ready to boost their China investments.

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Paolo Danese