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BlackRock has been granted Qualified Domestic Institutional Investor (QDII) status in China, becoming the first wholly foreign-owned public fund management company to receive this qualification.
This move comes as the Chinese government signals broader financial opening. QDII qualification allows companies to raise funds within China and use part or all of these funds for overseas securities investment management through asset portfolios.
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Source：SCMP商业 · Source Link
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