Black Rock In China. Business Today Desk. And Nomura Holdings Inc.
BlackRock turns modestly positive on China stocks saying policymakers can no longer ignore slowdown without easing measures. Writing in The Wall. BlackRock the worlds largest asset manager has begun a major initiative in China.
Both downgraded Indian stocks in recent days with the former upgrading offshore Chinese equities at the same time.
In a recent newspaper interview Soros called the BlackRock decision a threat to BlackRock investors and to US national security. BlackRock Inc BLKN has become the first global asset manager licensed to start a wholly owned onshore mutual fund business in China as the government opens up the countrys 35 trillion. The asset manager told CNBC in September that it had raised more than 1 billion from more than. Writing in The Wall.