UPDATE 1-Aberdeen, Blackrock flag risks in frothy Chinese stock markets

April 21, 2015 9:48 AM

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* China stocks up almost 80 pct since Nov, trade near 7-year highs (Adds Aberdeen Asia CEO's comments on China)

SINGAPORE, April 21 (Reuters) - Aberdeen Asset Management's head of Asian operations warned on Tuesday that Chinese money was moving "a bit like a casino" in domestic stock markets, while BlackRock called on China to reform its capital markets further to avert boom and bust scenarios.

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