BlackRock Fund gets QDII license, first newly established foreign-owned public fund to do so

New Milestone in Cross-Border Business Expansion

Foreign public fund managers have achieved a significant breakthrough in cross-border business development. BlackRock Fund has recently been granted Qualified Domestic Institutional Investor (QDII) status, becoming the first newly established foreign-invested public fund manager to receive this qualification.

This development comes amid two rounds of QDII quota expansion this year, with the total quota allocated to securities and fund institutions surpassing USD 100 billion for the first time. Against this backdrop, foreign-invested public funds are accelerating their participation in cross-border investment markets.

Commitment to Chinese Investors

BlackRock Fund stated that it will take the QDII qualification as a new starting point to continue deepening its presence in China and serving Chinese investors. The firm aims to enhance its investment management and client service capabilities. In compliance with Chinese laws, regulations, and regulatory requirements, it will steadily advance QDII-related business and product offerings, further diversifying channels for domestic investors to access global markets and expanding investment opportunities.

Industry Perspective on Foreign Participation

Industry insiders noted that BlackRock Fund's QDII approval reflects foreign institutions' continued confidence in the Chinese market and their commitment to the country's public fund industry. As China's public fund sector develops and residents' wealth management needs evolve, foreign institutions are increasingly engaging in the Chinese asset management market through establishing fund companies, diversifying product types, and strengthening research and service systems.

Leadership Commentary

Yu Beihua, General Manager of BlackRock Fund, commented: "Over the past five years, we have remained rooted in the Chinese market, continuously building local investment capabilities while deeply integrating BlackRock's global expertise with local market practices. The QDII qualification represents another important milestone in our business development in China. Going forward, we will further leverage the synergy between our global platform and local team, connecting China with the world to offer Chinese investors more diversified investment choices and asset allocation solutions, helping them achieve long-term investment goals."

Evolving Investor Demand

As Chinese residents' wealth management needs continue to upgrade, investors are showing growing interest in cross-market and cross-asset class allocation. Global asset allocation can increase investment opportunities and enhance portfolio diversification and resilience through the complementary advantages of different markets and asset classes.

Discussing trends in Chinese investor demand, Yu Beihua added: "As wealth management concepts mature, Chinese investors are transitioning from single-product investments toward more diversified, long-term allocation strategies. We look forward to leveraging BlackRock's global investment insights and our local team's deep understanding of the market to provide investors with a rich array of investment tools and solutions, better meeting their long-term, global asset allocation needs."

Industry Trends

From an industry perspective, the expansion of QDII qualifications and quota increases are jointly enhancing domestic institutions' capacity for global asset allocation. As more fund managers enter the cross-border investment market, compliant channels for domestic investors to access overseas markets are expected to continue expanding.