BlackRock Obtains China’s QDLP License

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BlackRock Inc. has been granted a Qualified Domestic Limited Partnership (QDLP) license to raise onshore funds in China to invest overseas, according to media reports.

In September 2013, six global hedge fund management companies, including Man Group Plc, Winton Capital Management, Oaktree Capital Management, Citadel LLC, Och-Ziff Capital Management Group and Canyon Partners, each received a US$50 million QDLP quota.

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