SHANGHAI (Reuters) – BlackRock Inc said on Wednesday it had received a licence in China for a wealth management venture with China Construction Bank Corp (CCB) and Singapore state investor Temasek Holdings (Pte) Ltd.
The China Banking and Insurance Regulatory Commission (CBIRC) granted the licence, the U.S. private equity firm said in a statement.
(Reporting by Shanghai Newsroom; Editing by Christopher Cushing)
