SHANGHAI :
BlackRock, Temasek, CCB to Set Up China Financial Management JV
Yicai Global
DATE:  Dec 20 2019
/ SOURCE:  yicai
 BlackRock, Temasek, CCB to Set Up China Financial Management JV BlackRock, Temasek, CCB to Set Up China Financial Management JV

(Yicai Global) Dec. 20 -- US-based investment manager BlackRock, Singapore sovereign wealth fund Temasek Holdings and China Construction Bank recently signed a memorandum of understanding to form a joint venture wealth management company in China.

BlackRock and Temasek will take a controlling stake in the JV, China Securities Journal reported today, citing an insider.

The report provided no further details.

Editor: Ben Armour

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