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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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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
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1
ZEC (Zcash) is up 6.26% over the past 4 hours, currently trading at $1,330.13.
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The Shanghai Composite Index fell 1.06% from its previous close, currently trading at 3,650.85.
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The Nikkei 225 Index fell 5.76% from its previous close, currently trading at 57,557.09.
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Taiwan Stock Exchange Weighted Index fell 6.11% from its previous close, currently trading at 39,032.95.
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South Korea's KOSPI index fell 5.48% from its previous close, currently standing at 5,088.79.
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AUD/USD fell 0.89% from its previous close, currently trading at 0.6946.
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Brent crude was up 3.52% from its previous close, currently trading at $98.354.
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Trump's policies and institutional participation drove Ethereum's sharp rally in August 2026, with its market cap reaching approximately $294.8 billion in November
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