BlackRock, the world’s largest money manager, is set to invest US$15.5 billion in Hong Kong and mainland-listed stocks through its China-focused funds. The asset manager has at least seven funds dedicated to Chinese stocks, with its portfolios concentrated on technology and financial companies.
Top holdings include Alibaba Group Holding, Tencent Holdings, Contemporary Amperex Technology (CATL), and China Merchants Bank. The largest fund is the US$7.6 billion iShares China Large-Cap ETF, which tracks the FTSE China 50 Index.
BlackRock also manages several other funds with regional or global scopes that may invest in Chinese equities. The deal, worth US$23 billion, to sell most of CK Hutchison’s global ports business to BlackRock has triggered a backlash and Beijing has launched an antitrust probe into the sale.
Source: https://www.scmp.com/business/china-business/article/3304608/blackrock-centre-panama-ports-deal-has-nearly-us16-billion-chinese-stocks