BlackRock awarded second license for access to China markets

Monday, 30 June 2014 00:00 - - {{hitsCtrl.values.hits}}

LONDON (Reuters): BlackRock, the world’s biggest asset manager, said its UK arm had been awarded a license to invest directly in China’s mainland capital markets, giving investors access to its stock and bond markets. In a statement on Friday, the company said the China Securities Regulatory Commission (CSRC) had granted a Renminbi Qualified Foreign Institutional Investor (RQFII) license to BlackRock Advisers UK. The RQFII program is part of China’s move to liberalize its capital markets, improving two-way movement of investment money and allowing the Chinese currency to trade more freely against other currencies. The RQFII scheme was launched in 2011 in Hong Kong and later expanded to Taiwan, Singapore and London. BlackRock in April announced its first RQFII license, granted to its North Asian business.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.