Mark Smith (@markzilla)

Surprise, surprise! So this just happened... BlackRock becomes first to operate wholly owned China mutual fund biz. ... BlackRock will "support China in building a sustainable ecosystem for investing," Chairman and CEO Laurence Fink said in the statement. Tax payer dollars at work 🇨🇳 https://www.reuters.com/business/finance/blackrock-wins-chinese-regulatory-approval-onshore-mutual-fund-business-2021-06-11/ https://www.nasdaq.com/articles/blackrock-expands-china-footprint-with-wealth-management-licence-2021-05-12 https://twitter.com/APhilosophae/status/1403542905453780994