{
  "id": 9117483,
  "title": "BlackRock gains QDII status in China’s US$149b market as Beijing leans into opening up",
  "url": "https://urgent.news/2026/09/22/blackrock-gains-qdii-status-in-chinas-us-149b-market-as-beijing-leans",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T09:00:12.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/markets/article/3368378/blackrock-gains-qdii-status-chinas-us149b-market-beijing-leans-opening"
  },
  "original_language": "en",
  "account": "BlackRock, the US asset management firm, has secured Qualified Domestic Institutional Investor (QDII) status in China's US$149 billion market, marking the first instance of a wholly foreign-owned public fund manager receiving this qualification. This achievement comes as Beijing strives to further liberalize its financial sector. The qualification enables BlackRock to raise capital in China and deploy the funds for overseas securities investment management through asset portfolios. Other foreign-owned public fund managers, such as Neuberger Berman, have also applied for QDII status. BlackRock plans to complete preparatory work within six months of approval and will launch its overseas securities investment management business after passing an on-site inspection by the China Securities Regulatory Commission. Analysts predict that BlackRock's expansion will accelerate following its approval. The QDII market in China surpassed 1 trillion yuan (US$149.3 billion) in January, with cross-border investment volumes continuing to rise. Beijing is actively pursuing financial liberalization, as evidenced by a recent meeting between the People's Bank of China (PBOC) and foreign financial institutions. The meeting aimed to improve the business environment and facilitate the international use of the renminbi. US-China trade talks held in New York displayed a positive outlook, with discussions centered around advancing bilateral trade and investment ahead of Chinese President Xi Jinping's upcoming state visit to Washington.",
  "summary": "US asset manager BlackRock has obtained Qualified Domestic Institutional Investor (QDII) status in China, making it the first wholly foreign-owned public fund manager to obtain the qualification, with more such developments likely as Beijing signals broader financial opening. This qualification allows firms to raise funds in China and deploy part or all of the proceeds for overseas securities…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}