One of the world’s largest asset managers, big enough that it could end up being designated as a SIFI along with major US banks, BlackRock, Inc. (NYSE:BLK) has now been given direct access to one of the world’s most important markets. BlackRock Asset Management North Asia Limited was given a Renminbi Qualified Foreign Institutional Investor (RQFII) license that gives it the right to make investment in China’s capital markets.
“China...
