China’s Trillion-Dollar Market Promise Beckons Wealth Firms

Vanguard, BlackRock can join local partners or go it alone
China opens gates wider for foreign asset managers on April 1

Ships pass by the skyline of the Lujiazui Financial District in Pudong in Shanghai.
Photographer: Johannes Eisele/AFP via Getty Images

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By Lulu Yilun Chen

March 28, 2020 at 7:00 PM EDT

Updated on

March 30, 2020 at 1:30 AM EDT

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China’s trillion dollar asset-management market opens wider this week, forcing BlackRock Inc., Vanguard Group Inc. and other global firms to make a strategic decision: Go it alone or work with an entrenched local partner.

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Before it’s here, it’s on the Bloomberg Terminal

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