BlackRock and Temasek Seek to Partner with China Construction Bank on Asset Management Venture

Posted on 12/20/2019

Asset management giant BlackRock Inc. and Singapore’s Temasek Holdings are in talks of forming an asset management business in China, as the country’s eased foreign ownership rules in the money management sector. BlackRock and Temasek signed a non-binding agreement with China Construction Bank Corporation to take a majority stake in the new unit. Part of […]

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