Shanghai Pudong City | Leading Financial Centre in Asia
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



2024 / 2025 Summits in Hong Kong & Singapore
Institutional Investor Summit / Roundtable - March / Oct / Nov
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register


This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $30 billion.











$9 Trillion Asset Manager BlackRock, CCB & Temasek JV Receives License for Wealth Management in China 

13th May 2021 | Hong Kong

BlackRock, the world’s largest asset manager with $9.01 trillion AUM, in a joint venture with China Construction Bank and Temasek (Sovereign Wealth Fund of Singapore), has received approval for a wealth management license in China from the China Banking and Insurance Regulatory Commission (CBIRC).  The joint venture in China will be named – BlackRock CCB Wealth Management.

“ $9 Trillion Asset Manager BlackRock, CCB & Temasek JV Receives License for Wealth Management in China “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
17th Oct Hong Kong | 7th Nov Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place on 17th Oct 2024 in Hong Kong, 7th Nov 2024 in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here


The 2024 Family Office Summit
17th Oct Hong Kong St Regis | 7th Nov Singapore Amara Sanctuary Resort

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here


2024/2025 Institutional Investor Summit / Roundtable
March / Oct / Nov in Hong Kong & Singapore

Join CEOs, CIOs, Senior investment team from Sovereign Wealth Funds, Pension Funds, Endowments, Foundations & Charities in Hong Kong, Singapore & Asia-Pacific at the 2024 Institutional Investor Summit / Roundtable.   Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2024/2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore

Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2024/2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore

Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit.  Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here





BlackRock CCB Wealth Management

Shanghai Pudong City | Leading Financial Centre in Asia

The joint venture, BlackRock CCB Wealth Management, is 50.1% owned by BlackRock, 40% by China Construction Bank and 9.9% by Temasek.

BlackRock is the world’s largest asset manager with around $9.01 trillion AUM.  BlackRock is founded in 1988 by 8 co-founders, including current Chairman Larry Fink, Robert Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein and Keith Anderson.

China Construction Bank is one of the largest banks in China, and one of the big 4 banks in China (Industrial & Commercial Bank of China – ICBC, China Construction Bank – CCB, Agricultural Bank of China – ABC and Bank of China – BOC).

Temasek is the sovereign wealth fund of Singapore.  Founded in 1974, Temasek manages portfolio of around $230 billion (2020).

 

Global Asset Managers Enters into China Via Joint Venture

With China looking to open up its financial sector, global asset managers have entered into joint ventures with the largest financial institutions in China to setup wealth management businesses in China.   

French asset manager Amundi has setup a wealth management joint venture with Bank of China, Schroders is partnering with Bank of Communications while JP Morgan is partnering with China Merchant Bank.  

 

China, $14.3 trillion Economy

Shanghai, China

China is the 2nd largest economy in the world with GDP of $14.3 trillion in 2020, representing 16.34% of global GDP ($87.7 trillion).  China also has the largest population in the world with 1.39 billion, representing 18.21% of global population (7.67 billion).

China also have 3 of the world’s largest stock exchange – Shanghai Stock Exchange, Hong Kong Exchange and Shenzhen Stock Exchange. In the 2021 Global Financial Centres Index 29 Report, 4 of China’s cities are in the top 10 ranking – Shanghai, Hong Kong, Beijing, Shenzhen.

 

BlackRock in Sustainable Drive in Asia

BlackRock

BlackRock has also been building up its sustainable drive in Asia with the announcement of a partnership with Temasek in April 2021 to launch a series of late stage venture capital and early growth private equity investment funds that will focus on advancing decarbonization solutions to accelerate global efforts to achieve a net zero economy by 2050.

BlackRock and Temasek will commit to a combined $600 million in initial capital and to raise a further $400 million for a target fund size of $1 billion.

 

New BlackRock Sustainable Investment Team in APAC

Geir Espeskog, Co-Head of BlackRock Sustainable Investing

In April 2021, BlackRock announced the appointment of BlackRock Head of iShares Asia Pacific Distribution Geir Espeskog and Emily Woodland as Co-Heads of BlackRock Sustainable Investing (BSI) for Asia Pacific.

Geir Espeskog

Geir Espeskog, Head of iShares Asia Pacific Distribution in Hong Kong, will co-head BSI for APAC.  Geir had joined BlackRock in 2010 with iShares in London.  Based in Hong Kong since 2015, Geir Espeskog drove iShares growth across APAC from assets under management of $50 billion to more than $160 billion, including several client-driven launches of sustainability investment products.

 

Emily Woodland, Co-Head of BlackRock Sustainable Investing
Emily Woodland

Emily Woodland, who will be based in Hong Kong, joined BlackRock from AMP Capital, where she served as Head of Sustainable Investment since 2018.

Prior to joining AMP Capital, Emily Woodland has over 16 years of investment experience with UBS.

 

 

Related:

More:




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 17th Oct2024 Investment Day Singapore 7th Nov2024 Family Office Summit Hong Kong 17th Oct2024 Family Office Summit Singapore 7th Nov2025 Events












    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • July 2024 - Hong Kong
    • July 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Oct 2024 - Hong Kong
    • Nov 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014