BlackRock sets up $1.39 billion maiden China fund as Soros laments

September 08, 2021 8:38 AM

SHANGHAI (BLOOMBERG) – BlackRock raised 6.7 billion yuan (S$1.39 billion) for its first China mutual fund, starting onshore investments for clients in the world’s most promising wealth market right after billionaire financier George Soros called its China investment a “tragic mistake.”

Source : http://www.straitstimes.com/business/banking/blackrock-sets-up-139-billion-maiden-china-fund-as-soros-laments

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