Core Insights - BlackRock, a major player in the financial industry, manages over $10 trillion in assets, surpassing half of China's projected GDP for 2024 and exceeding the combined assets of the world's top ten banks [1][3] - The company has penetrated the Chinese market significantly since 2020, becoming the first wholly foreign-owned public fund company in China, allowing it to directly raise funds from Chinese citizens [3][5] Group 1: Market Penetration - BlackRock has become an "invisible shareholder" in major Chinese tech companies like Tencent, Alibaba, and Meituan, holding over 2% of their shares, which gives it access to vast amounts of consumer data [5][7] - The firm has made substantial investments in China's new energy sector, including significant stakes in leading companies like BYD and CATL, using various investment vehicles to cover the A-share market [5][7] Group 2: Strategic Control - BlackRock aims to control the entire supply chain in the new energy sector, from lithium mining to battery manufacturing and vehicle production, employing a comprehensive investment strategy that includes public funds, venture capital, and mergers [7][9] - The company holds shares in critical state-owned enterprises, raising concerns about its influence over essential services and national security [7][9] Group 3: Predictive Capabilities - BlackRock utilizes its proprietary Aladdin system to analyze global market data, allowing it to predict market trends and risks effectively, which is also used by major financial institutions like the Federal Reserve [9][11] - The company's close ties with the U.S. government raise concerns about potential policy influence if similar strategies are applied in China [11][13] Group 4: Regulatory Response - In response to BlackRock's activities, Chinese regulators have implemented measures to enhance oversight of foreign financial institutions, signaling a commitment to maintaining financial sovereignty [11][13] - The emphasis is on strengthening domestic financial institutions and establishing a robust financial firewall to safeguard against external influences [13]

作为全球最大资产管理巨头之一，贝莱德2022年一季末管理资产规模约为9.57万亿美元，远超我国 公募基金行业总规模26万亿元的历史新高。其自主开发的风险管理系统阿拉丁（Aladdin）就是"秘 密"武器，Aladdin由Asset（资产）、Liability（负债）、Debt（债务）、Derivative Investment network （衍生品投资网络）的首字母缩写构成，已成为其核心竞争力所在，受到越来越多机构投资者的认可， 最终反哺自身业务。2021年，贝莱德以阿拉丁为核心的技术和风险管理收入高达12.81亿美元，占总营 业收入的比例达6.6%。 受此启发，申万菱信基金董事长陈晓升自掌舵公司第一天起，就立志为申万菱信打造一套属于自己 的"阿拉丁"系统，以期作为打造具有申万菱信特色的体系化资产管理机构的重要抓手。"每个人在机构 都是一个过客，或长或短。机构需要有一套东西来承载投研风控团队所有过往工作的成果，变为机构共 有，从而快速提升整个投研风控团队的能力，服务于投资业绩、策略开发和产品创设，这是从长期看很 有意义的一件事。"陈晓升说。 距离陈晓升履新近一年，申万菱信已高效构建了集研究、投资、风控于一 ...