Asia-Pacific News

China calls in BlackRock's Fink on markets: Sources

Larry Fink
Adam Jeffery | CNBC

The Chinese government recently invited in BlackRock CEO Larry Fink to discuss the market situation there, sources familiar with that invitation told CNBC.

Fink accepted the offer and traveled to China in the last part of August to meet with officials, the sources said.

The request for Fink's expertise comes amid a prolonged slide in the Chinese stock market that has sent shivers through the U.S. and Europe as well.

The Shanghai Composite index is down nearly 2,000 points from its peak in early June and is nearly flat with where it started the year.

Many of the Chinese government's efforts to prop up the falling market have been seen as ineffective.

—Reporting by CNBC's Scott Wapner