{"id":49283,"date":"2015-07-22T08:39:47","date_gmt":"2015-07-22T12:39:47","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=49283"},"modified":"2015-07-22T08:39:47","modified_gmt":"2015-07-22T12:39:47","slug":"blackrock-steps-up-china-drive-with-new-license-to-raise-onshore-funds","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/07\/2015\/blackrock-steps-up-china-drive-with-new-license-to-raise-onshore-funds.html","title":{"rendered":"BlackRock Steps Up China Drive With New License To Raise Onshore Funds"},"content":{"rendered":"<p>(Reuters) &#8211; U.S. fund giant BlackRock Inc has won a special new licence that will allow it to raise funds in China directly for the first time, a senior executive told Reuters, paving the way for the world&#8217;s largest money manager to expand in the mainland. Speaking in an interview in Bangkok this week, BlackRock vice chairman Philipp Hildebrand, said his company was granted a so-called Qualified Domestic Limited Partnership (QDLP) license &#8220;reasonably recently&#8221;. He said BlackRock, with about $4.5 trillion in assets, is committed to China and will &#8220;do whatever that entails&#8221; to provide asset management services there.<\/p>\n<p><a href=\"http:\/\/news.yahoo.com\/blackrock-steps-china-drive-license-raise-onshore-funds-102352353--sector.html;_ylt=AwrC1CmFnq5VzUkARHbQtDMD;_ylu=X3oDMTBzdWd2cWI5BGNvbG8DYmYxBHBvcwMxMAR2dGlkAwRzZWMDc3I-\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; U.S. fund giant BlackRock Inc has won a special new licence that will allow it to raise funds in China directly for the first time, a senior executive told Reuters, paving the way for the world&#8217;s largest money [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49283","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=49283"}],"version-history":[{"count":1,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49283\/revisions"}],"predecessor-version":[{"id":49284,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49283\/revisions\/49284"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=49283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=49283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=49283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}