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

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

The profitable power of confluence

The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.