Wealth venture to secure 'better financial future' By JIANG XUEQING | China Daily | Updated: 2021-05-14 09:21 A view of the Manhattan office of investment management firm BlackRock in New York. [Photo provided to China Daily] Asset management unit of BlackRock, CCB, Temasek receives nod to start biz BlackRock CCB Wealth Management Ltd, a three-party joint venture involving BlackRock, a global asset manager, China Construction Bank and Temasek Holdings of Singapore, received regulatory approval to commence business in China. The approval is a sign of China's stepped-up efforts to further open up its financial sector to foreign investors, industry insiders said. BlackRock announced on Wednesday that the joint venture will draw on its expertise in investment and risk management, as well as on China Construction Bank's client base and national distribution network.