BlackRock and UBS Seek Partnerships to Expand in China

Relationships with Chinese banks and asset managers will help global firms to better develop and distribute products to investors in the country.

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Asset management giants like BlackRock and UBS Global Wealth Management are looking to leverage partnerships with local firms in mainland China to take advantage of the country’s increased accessibility, after the government opened up its markets to foreign participation.

Geraldine Buckingham, chair of Asia-Pacific at BlackRock, said there is interest in manufacturing investment products for Chinese consumers now the country’s regulators have eased rules on ownership and operating controls by

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