'Right time to invest in toxic assets'

Laurence D Fink is quite a busy man these days. He travels around the world frequently, trying to convince his clients, many of whom are institutional investors and sovereign funds, that this is the best time to buy distressed mortgage debt in the United States.

His trip to China is for the same reason.

"I am here to tell my clients that this is the best opportunity to invest in distressed mortgage debt," the chief executive of BlackRock, one of the largest asset management firms in the world, told China Daily in Beijing yesterday.