Key facts
- Fan Hua has been approved by China's financial regulator to return as general manager of BlackRock Inc.'s wealth management joint venture.
- She previously held the role from late 2022 to early 2024.
- Fan Hua was promoted to head of BlackRock's China operations and chair of BlackRock Fund Management Co. Ltd. in early 2024.
- Her successor, Zhang Pengjun, left the company in February.
- The joint venture manages over 70 billion yuan in China and plans to apply for a QDII license.
Fan Hua has been approved by China's financial regulator to return as general manager of BlackRock Inc.'s wealth management joint venture, BlackRock CCB Wealth Management. She previously held this role from late 2022 until early 2024, when she was promoted to lead BlackRock's China operations and chair its fund management arm. Fan Hua temporarily resumed the general manager position after her successor, Zhang Pengjun, departed in February.
The National Financial Regulatory Administration Shanghai Bureau formally approved her reappointment on June 5. BlackRock CCB Wealth Management, a joint venture established in 2021 with China Construction Bank and Temasek, manages over 70 billion yuan across 145 products for approximately 680,000 clients in China. The firm intends to apply for a Qualified Domestic Institutional Investor (QDII) license to expand its cross-border offerings.