May 12, 2021 11:49 AM (GMT+8) · EqualOcean
BlackRock Jianxin Financial Management Co., Ltd. has been approved by China Banking and Insurance Regulatory Commission and will carry out financial management business in China. It is reported that the joint venture financing company is registered in Shanghai with a registered capital of 1 billion yuan. BlackRock owns 50.1% of the shares of the joint venture financial management company, China Construction Bank holds 40% through its wholly-owned financial management subsidiary Jianxin Financial Management Co., Ltd., and Temasek holds 9.9%.