--- title: "BlackRock Fund—the first wholly foreign-owned public fund" type: "Topics" locale: "zh-HK" url: "https://longbridge.com/zh-HK/topics/24397195.md" description: "BlackRock Asset Management Group, since its establishment in New York in 1988, has been a global leader in asset management, risk management, and advisory services. BlackRock Fund is the first wholly foreign-owned public fund management company in China, 100% controlled by BlackRock Financial Management. Since its establishment in 2020, it has achieved four significant increases in registered capital. The specific capital increases are as follows: May 2022: registered capital increased from 300 million yuan to 500 million yuan, an increase of 66.67%..." datetime: "2024-10-10T06:05:49.000Z" locales: - [en](https://longbridge.com/en/topics/24397195.md) - [zh-CN](https://longbridge.com/zh-CN/topics/24397195.md) - [zh-HK](https://longbridge.com/zh-HK/topics/24397195.md) author: "[长桥财富](https://longbridge.com/zh-HK/profiles/7215027.md)" --- > 支持的語言: [English](https://longbridge.com/en/topics/24397195.md) | [简体中文](https://longbridge.com/zh-CN/topics/24397195.md) # BlackRock Fund—the first wholly foreign-owned public fund **BlackRock Asset Management Group**, since its establishment in New York in 1988, has been a global leader in asset management, risk management, and advisory services. **BlackRock Fund** is the first wholly foreign-owned public fund management company in China, 100% controlled by BlackRock Financial Management. Since its establishment in 2020, it has achieved four significant increases in registered capital. The specific capital increases are as follows: - May 2022: Registered capital increased from 300 million yuan to 500 million yuan, a 66.67% increase. - November 2022: Increased to 700 million yuan, a 40% increase. - July 2023: Increased to 1 billion yuan, a 42.86% increase. - July 2024: Further increased to 1.25 billion yuan, a 25% increase. As of April 4, 2024, BlackRock has over 19,000 employees worldwide, with operations in more than 40 countries and regions, serving clients in over 100 countries and regions. By June 30, 2024, BlackRock's global assets under management reached a staggering $10.6 trillion, covering investments in equities, fixed income, cash management, alternative investments, and advisory strategies. #### **【Historical Milestones】** - **1988:** Founded in New York by eight elite professionals in the asset management industry, BlackRock began with a focus on risk management and innovative investment strategies. - **Early 1990s:** Pioneered industry innovation by launching the first target-date fund and popularizing ETFs, democratizing investment. - **Early 2000s:** Expanded global operations and product lines through acquisitions of Merrill Lynch Investment Management and Barclays Global Investors. - **Post-2010:** Strengthened comprehensive portfolio strategies, integrating sustainability into core investment approaches. - **2021:** Obtained a public fund business license, becoming the first foreign asset management company to operate a wholly-owned public fund business in China. BlackRock CCB Wealth Management was approved to conduct wealth management business in China, marking a new milestone in the Chinese market. #### **【Fund Management Team】** **Fan Hua — Chairman** - Joined BlackRock in 2022 as Head of China. - Previously worked at Goldman Sachs, Beijing Gaohua Securities, and China Investment Corporation. - Holds a Ph.D. in Finance from Columbia University. **Chen Jian — General Manager, Acting Chief Compliance Officer** - Currently serves as General Manager and Acting Chief Compliance Officer of BlackRock Fund Management Co., Ltd. - Previously worked at China Asset Management and Bank of East Asia. - Holds a Master of Laws from the University of Wisconsin and is qualified to practice law in China and New York State. **Hong Xia — Deputy General Manager, Sales Director** - Currently serves as Deputy General Manager and Sales Director of BlackRock Fund Management Co., Ltd. - Previously worked at JP Morgan Asset Management and Fortis Haitong Investment Management. - Holds a bachelor's degree from Shanghai University of Finance and Economics and an MBA from Shanghai Jiao Tong University. **Yang Yi — Deputy General Manager, Chief Operating Officer** - Currently serves as Deputy General Manager and Chief Operating Officer of BlackRock Fund Management Co., Ltd. - Previously worked at JP Morgan Asset Management. - Holds a Ph.D. from Fudan University. #### **【Core Strengths】** **Global Investment Research Platform:** - Provides global economic, market, and geopolitical investment insights backed by over 30 years of experience. - Enhances opportunities for Chinese investors in international capital markets. **Industry-Leading Risk Management:** - Comprehensively measures investment-related risks to ensure prudence and diversification. - Dynamically monitors risks and communicates with fund managers to align portfolio objectives with performance. **Local Investment Team with Deep China Market Expertise:** - Leverages years of experience in the Chinese market to provide profound insights. - Adheres to long-term, stable investment principles to seek sustainable returns for Chinese investors. **Comprehensive Investment Solutions:** - Offers tailored solutions in the Chinese market to meet diverse investor needs. - Helps Chinese investors seize long-term opportunities and achieve investment goals. #### **【Mid-2024 Outlook】** **First-Half Review:** - Persistent inflation in developed markets and fluctuating Fed policies were major disruptors in global financial markets. - Investment opportunities emerged: AI drove tech stocks to new highs, Japan's economy recovered, and geopolitical risks boosted gold prices. - Domestic policies like the new "National Nine Articles" injected vitality into the market, with high-dividend assets and bonds performing strongly. **Second-Half Outlook:** - Global markets are expected to undergo significant transformation driven by disruptive trends, with a focus on real industry investments. - Key areas of interest include global macro trends, AI development, and China's stock and bond markets. **Investment Themes:** - **Focus on Real Industries:** The next wave of investment points to infrastructure, energy, technology, and talent, requiring deep understanding of technological potential. - **Increase Risk Appetite:** Seek high-yield investments in volatile markets, focusing on AI stocks with leading profitability. - **Discover the Next Big Opportunity:** Actively identify and position for emerging investment opportunities with flexible portfolio configurations.