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
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.
(Reporting by Chris Vellacott. Editing by Steve Slater)
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