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BlackRock wins Chinese regulatory approval for onshore mutual fund business

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SHANGHAI, June 11 (Reuters) - BlackRock said on Friday it had been granted approval from Chinese regulators to start a wholly-owned onshore mutual fund business in China.

The China Securities Regulatory Commission granted approval for BlackRock Fund Management Co to start the operation, the company said in a statement. (Reporting by Samuel Shen and Andrew Galbraith: Editing by Neil Fullick)