BlackRock to offer onshore investment advisory services in China.

BlackRock is stepping up its efforts to build an onshore presence in China, as part of its goal to become a major foreign player in the country and will start offering onshore investment advisory services in the country.BlackRock Investment Management (Shanghai), BlackRock's wholly owned foreign-owned enterprise in China, has successfully completed the registration of its onshore investment advisory service with the Asset Management Association of China, the investment bank announced  in a press release. "This investment advisory service approval places us in an even stronger position to...