China Awards BlackRock First RQFII Quota in the US

BlackRock, Inc. (NYSE: BLK), has been awarded Renminbi Qualified Foreign Institutional Investor (RQFII) quota of RMB11 billion (US$1.6 billion) in the United States by China’s State Administration of Foreign Exchange (SAFE). This is the first RQFII quota awarded to any asset manager in the US and brings the combined RQFII quota awarded to BlackRock to RMB35.1 billion (US$5.1 billion).

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