Apr 26, 2022 06:06 AM

FINANCE

BlackRock Venture Launches First Pension Product in China

What’s new: BlackRock Inc.’s majority-owned joint venture in China launched its first pilot pension wealth management product to tap into business opportunities among the country’s growing aging population.

The product, issued by BlackRock CCB Wealth Management, opened for investors Monday until May 9. The product will be launched in Guangdong and Chengdu and will mature in 10 years.

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