BlackRock, Temasek Set Up China Asset-Management Joint Venture
- BlackRock, CCB, Temasek receive approval from regulators
- Companies join China Construction Bank in joint venture
BlackRock Inc. headquarters.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
BlackRock Inc. and Singapore’s Temasek Holdings Pte received approval to jointly build an asset-management business in China with one of its biggest banks, bolstering the U.S. company’s expansion in the nation.
BlackRock said that it, along with, state investor Temasek and China Construction Bank Corp. received the go-ahead from the China Banking and Insurance Regulatory Commission.