BlackRock, BNP Paribas JVs in China Defy Downturn With Asset Growth
(Yicai) July 16 — Several foreign-backed wealth management joint ventures in China, including BlackRock CCB Wealth Management and BNP Paribas ABC Wealth Management, have defied this year’s market downturn by sharply increasing their assets under management. BlackRock CCB Wealth, the joint venture between US asset manager BlackRock and an affiliate of China Construction Bank, recently