BlackRock Makes Moves for Onshore China ETF Market

Posted on 04/13/2022

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BlackRock Inc. seeks to have its first onshore exchange-traded fund (ETF) in China in the fourth quarter of 2022. The onshore ETF market in China is estimated at US$ 220 billion. The move would likely be a boon for BlackRock’s iShares business.

At the moment, BlackRock has won mandates and manages money for China’s sovereign wealth fund – China Investment Corporation, along with other large state-owned investors. All products sold to China investors are foreign-domiciled.

In 2019, the Chinese government allowed fully foreign-owned fund units.