Port communicationForeign private equity funds are flocking to China to launch products, with preferential rates and strong ability to attract money in the near future，BlackRock, the world's largest asset management company, launched its first product in China - BlackRock China A-Share Opportunities Private Equity Fund Phase 1，Its ultra-low fee rate of 0.75% and performance commission of 10% have really attracted attention.。Reporters learned from public information，The first product of this foreign-funded private equity company is selling well，9Raised nearly 1 billion yuan in funds per day。
Under the impact of ultra-low private equity rates abroad，How should domestic private equity respond? The reporter learned that the management fee is discounted in half and attracts more money.，At present, domestic securities private equity fund management fees are usually 1.5%-2%，At the same time, the excess performance return is 20%。
But BlackRock is taking a different approach this time，On the one hand, the fixed management fee rate is reduced to 0.75%，On the other hand, the performance remuneration accrual ratio is set at 10%，It is equivalent to discounting the usual practices in the industry.，significantly reduced
cost
。For domestic qualified investors, this，The temptation is not small。
"International Finance News" reporter noted that，In this product element，The amount of BlackRock’s investors subscribing to the fund is also no less than 1 million yuan.(Does not include subscription
cost
)，However, the amount of each additional subscription shall not be less than 10,000 yuan and shall be an integral multiple of 10,000 yuan.(Does not include subscription/purchase fees)。At present, the additional subscription amount for domestic equity private equity funds starts from 100,000 yuan and is an integral multiple of 100,000 yuan.。
besides，This product does not have a closed period，Investors can subscribe on the fund opening day、redemption。 On why BlackRock will make "substantial profit concessions" in China，There are different opinions in the market。"International Finance News" reporters repeatedly called BlackRock's overseas investment fund management(Shanghai)Ltd.，But the other party did not reply。 “I’m not sure what BlackRock is offering is a passive index fund.，However, the fund generally charges management fees
cost
lower。
” Wang Guohui, founder and chief investment officer of Singapore Bisheng Asset Management Co., Ltd.(Wong Kok Hoi)tell reporters，Bi Sheng(Shanghai)Investment Management Co., Ltd. has recently registered as a private securities investment fund manager。 An industry insider told reporters，BlackRock may want to start a price war，Domestic private equity firms with poor performance may be greatly affected，But it won’t have much impact on established private equity。
A private equity person in Shanghai analyzed in an interview with a reporter from International Finance News，descend from
cost
speculation from the angle，The first product currently launched by BlackRock should be a similar index enhancement product。Because if you prefer the public offering style idea，
cost
If it’s too cheap, there will be almost no return.；If you do high-frequency index trading，The cost is higher and technical strength needs to be considered，manage
cost
It's impossible to get a 50% discount。
It can be inferred from this，This BlackRock product should be an exponentially enhanced product between the two.。 Impact on domestic private equity，The person said，At present, the impact is not big。If BlackRock also does high-frequency index enhancement，This may put some domestic private equity firms under pressure.。 after a week，BlackRock has completed the fundraising for its first product in China，Funding nearly 1 billion yuan。
CITIC Securities road show materials display，The investment strategy of BlackRock’s fund is “always full”。According to industry insiders，Because sales are booming，7BlackRock products may still be available on March 30，Specifically targeted at customers with purchase amounts of more than 5 million yuan，and
Require
The client meets the conditions of a qualified investor。
The number of foreign private placements continues to increase, data shows，As of July 27，There is already bridge water、Annaka、Fidelity、UBS、Fullerton、Yingshiman、Value Partners、Invesco vertical and horizontal、Neuberger Berman、Yasumoto、BlackRock、Schroeder、14 world-renowned foreign-funded institutions from Yuansheng and Bisheng received PFM(Private equity investment fund manager)license，As a qualified institution in China、Private equity fund products for high net worth clients。
Wang Guohui, founder of Bisheng who has just joined China’s foreign private equity team, told reporters：“We chose to register in China to become a private securities investment fund manager，There are two reasons：first，Bisheng has more than 20 years of investment history in China，When we started trading B shares、Red chips and H shares，Started trading A shares in 2004，Managing wealth for Chinese investors is a natural next step。
past 14 years，Our annual returns remain stable，Therefore Bi Sheng is also confident to help Chinese investors。Secondly，China is the fastest growing market in the world，It will also become the largest market in the world in the future.。” As of now，Bisheng Investment has not yet registered its products with the Asset Management Association.。“We will launch our first product in China by the end of the year，hope everything goes well。" Wang Guohui told reporters。
And in early July，Bridgewater, the world's largest hedge fund, and Yuan Sheng Capital, another foreign investment management company, also entered China at the same time.。“The entry of foreign private equity，Can promote the development of China's private equity industry as a whole，Bring their risk control and investment concepts to China，Serve investors，This will promote China’s private equity industry to become more diversified.。besides，It will also help the world’s asset management industry better understand China’s financial market.，Spread China’s information to the world。
"Yuan Sheng Capital Greater China Investment Program Manager Tian Ye told the reporter of International Finance News。 Including BlackRock China A-Share Opportunities Private Equity Fund Phase 1，As of July 27，The number of registered foreign private equity fund products has reached 16。
As the first foreign private equity firm to enter the Chinese market，Fidelity Lita established Fidelity China Stock No. 1 Private Equity Fund on December 14, 2025，However, private equity ranking network data shows that，Since its establishment，The cumulative loss rate of this product is as high as over 14%，During the same period, the loss rate of similar products was only about 6.16%.。
Han Wei, a well-known hedge fund manager, told a reporter from International Finance News：“Foreign private equity institutions are slightly less familiar with China’s securities market in the short term.，This may lead to some acclimatization phenomena.。Foreign and Chinese private equity fund managers compete on the same stage，It can also promote the improvement of the overall investment level of the industry.。For the majority of investors，There will also be more choices。”
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