Member access

4-Traders Homepage  >  Shares  >  Nyse  >  BlackRock, Inc.    BLK   US09247X1019

BLACKROCK, INC. (BLK)

36
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

BlackRock, China Investment Corp Eye Launch Of China-Focused Fund - FT

04/25/2012 | 08:05pm US/Eastern

China Investment Corp. and Blackrock Inc. (>> BlackRock, Inc.) plans to launch a joint China-focused investment fund to be run by Liu Erfei, currently chairman of Bank of America Merrill Lynch's China operations, the Financial Times reported on its website Wednesday, citing people familiar with the matter.

Senior CIC official Hu Bing told a sovereign wealth funds and pension funds conference in Beijing that one purpose of the fund was to invest in China itself, but others familiar with the matter said the primary focus would be to invest in companies outside China with technologies or resources useful to China, the FT reported.

The fund could co-invest with Chinese companies making foreign acquisitions or taking stakes in the Chinese operations of multinationals, one of the people said, the FT reported.

Blackrock and Liu both declined comment, the FT said.

Full story: http://www.ft.com/intl/cms/s/0/076adb32-8e96-11e1-aa12-00144feab49a.html#axzz1t5uy9KxE.

Stocks mentioned in the article : BlackRock, Inc.
React to this article
Latest news on BLACKROCK, INC.
05/22 BLACKROCK : CABINTEELY v COBH RAMBLERS ; PREVIEWS
05/21DJUkraine Bondholders Must Consider Haircuts, Says Blackrock Executive
05/21DJUkraine Bondholders Must Consider Haircuts, Says Blackrock Executive
05/21 MERCK KGAA : Release according to Article 26, Section 1 of the WpHG with the obj..
05/20DJSEC Votes to Propose New Asset Manager Reporting Rules -- 3rd Update
05/20 BLACKROCK : Laurence D. Fink to Present at the 31st Annual Bernstein Strategic D..
05/20DJSEC Votes to Propose New Mutual Fund Reporting Rules -- 2nd Update
05/20DJSEC Votes to Propose New Mutual Fund Reporting Rules -- Update
05/20 BLACKROCK : Robert Fairbairn to Present at the KBW 2015 Asset Management & Capit..
05/20DJBLACKROCK : SEC Votes to Propose New Mutual Fund Reporting Requirements
Advertisement
Chart
Duration : Period :
BlackRock, Inc. Technical Analysis Chart | BLK | US09247X1019 | 4-Traders
Income Statement Evolution
More Financials