BlackRock wants to dominate the asset management business in China as well as in the USA.
BlackRock is "very engaged" with Chinese regulators in building a "majority-controlled" business. Fink told the Financial Times on Monday in a story.
"If anything, the Chinese are looking for more global investment in their asset managements because they also have an aging crisis," he told FT.
The Chinese equity markets have recently become increasingly optimistic as the country envisages launching a Nasdaq-style start-up board in Shanghai to seek new ways in which private funds can finance its domestic businesses ,