Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Blackstone establishes regional private equity fund in Pudong
+ -
17:33, August 17, 2009

 Related News
 Shanghai's 5-year reform plan for firms
 First unsecured online financing launched in Shanghai
 New home sales may fall 10% in Shanghai
 Maintaining monetary policy top priority in Shanghai
 Comment  Tell A Friend
 Print Format  Save Article
U.S. Blackstone Group signed a financial cooperation memorandum with the government of Pudong District in Shanghai. Blackstone will set up the first regional private equity fund of RMB in Pudong--- Blackstone Chinese development and investment fund. It will raise about 5 billion yuan in key investment areas including Pudong and surrounding areas in Shanghai.

Antony Leung, Chairman of Blackstone Greater China, said the Blackstone Group will not slow down investment in China due to the high economic growth in the country and the good return on enterprises.

The Blackstone Group is one of the biggest independent alternative fund management institutions in the world. Its business contains corporate private equity funds, real estate funds, hedge funds, mezzanine funds, senior debt funds, private hedge funds and closed-end funds and so on.

By People's Daily Online



  Your Message:   Most Commented:
Being African among the curious Chinese
What does China contribute to the world?
25-year-old Norwegian singer, Michael Jackson's 4th son?
Three Beijingers jailed in US. Spies again?
Does Japan put itself in China's place?

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90857/90859/6730618.pdf