BlackRock Fund Wins QDII License in China

The QDII licence matters less as a headline than as a distribution channel: it lets BlackRock move Chinese domestic capital into offshore markets, the mirror image of the inbound access foreign managers have chased for years. For a firm already embedded in China, that broadens the product shelf beyond onshore funds and speaks to how global managers are positioning for outbound flows, not just inbound. Whether the licence converts into actual cross-border products — and how quickly — is the open question.