Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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.
07/30 BLACKROCK : Change in Directors or Principal Officers, Financial Statements and ..
07/30 BLACKROCK : Announces Appointment of Gordon M. Nixon to Board of Directors
07/30 BLACKROCK : Declares Quarterly Dividend of $2.18 on Common Stock
07/29 SOLAR POWER : SPI Announces Closing of Sale of UK Solar Project to Fund Managed ..
07/29 DGAP-PVR : Linde AG: Release according to Article 26, Section 1 of the WpHG
07/28 SOLAR POWER : SPI China to Sell Gelliwern Farm Solar Project to BlackRock Manage..
07/28 SOLAR POWER : SPI China to Sell Gelliwern Farm Solar Project to BlackRock Manage..
07/27 BLACKROCK : Other Events (form 8-K)
07/27 BlackRock dives into private deals as banks shy away
07/27 BLACKROCK : SPI Solar sells Gelliwern solar farm as UK push branded a failure
Duration : Period :
BlackRock, Inc. Technical Analysis Chart | BLK | US09247X1019 | 4-Traders
Income Statement Evolution
More Financials