Carlyle To Promote Businesses In Chinese Province

May 15 2008 | 1:03pm ET

The Carlyle Group is looking to make the province of Shandong, China into Shangri La. The Shandong Provincial Government and the private equity giant have entered into a partnership to enhance trade co-operation and stimulate investment in the province.

As part of the agreement, Carlyle will actively promote the investment potential of China’s second-largest province to investors outside China and dedicate resources to the region to promote and develop sustainable, long-term commercial enterprises. In return, SDFTEC will assist Carlyle by proactively recommending opportunities in Shandong for strategic investment.

Shandong, which is about 100 miles south of Beijing, is home to more than 90 million people.It also ranks second among Chinese provinces in terms of gross domestic product. Its GDP has grown at an average annual rate of 14.3% over the last five years, according to Carlyle.

“The development of Shandong Province is of critical importance to China,” said William Conway, co-founder of The Carlyle Group. “We look forward to creating value, promoting Shandong Province as a favorable investment destination and developing strong and lasting partnerships with companies and industries in Shandong Province. We will also help leading Shandong companies to expand overseas through investments and partnerships.”


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note