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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...