Podcast #35: Tapping into China's Wealth Management Boom - Josh Zhang, BlackRock CCB

July 05, 2021 | BY

Vincent Chow

Hear from the in-house head at BlackRock CCB Wealth Management, China's second-ever foreign-controlled wealth management business

In May, BlackRock CCB Wealth Management became the second foreign-controlled wealth management joint-venture to be granted an operating license by the Chinese government. The JV is majority-owned by the world's biggest asset manager BlackRock with 50.1% stake, while China Construction Bank and Singapore state investor Temasek own 40% and 9.9% respectively. Josh Zhang discusses the development of China's nascent bank wealth management industry, the key provisions of newly introduced wealth management sales and distribution rules, and the Greater Bay Area Wealth Connect scheme.

For the full episode, click here to listen on Apple Podcasts and here for Spotify. Find the full transcript of the interview here.

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