BLACKROCK Inc is ready to increase its China real estate portfolio exposure as it sees good entry points following the weakness in the nation's economy and credit environment, a senior executive of the US money manager said on Monday.
John Saunders, head of Asia-Pacific real estate at BlackRock, told Reuters the fund would target mass-affluent shopping malls and grade "A" and "B" offices in China's first-tier and selective second-tier cities for investments.