BLK BlackRock Inc

Asset manager BlackRock Inc. (BLK) said it has been granted a RQFII license to invest directly in China's mainland capital markets, Reuters reported Wednesday, citing a company statement. A Renminbi Qualified Foreign Institutional Investor license was given to BlackRock Asset Management North Asia Limited, the company said, adding it will apply for a quota to determine the amount of funds it can invest.

Full story at http://www.nytimes.com/reuters/2014/04/16/business/16reuters-blackrock-rqfii.html?ref=business

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