HONG KONG (Reuters) – China’s Vice Premier He Lifeng met Blackstone’s Chairman Stephen Schwarzman in Beijing, the official Xinhua information company reported on Tuesday, stating that the Chinese language facet mentioned it welcomed extra U.S.-funded enterprises and long-term capital.
China’s He mentioned that the nation’s financial improvement was enhancing and that prospects had been brighter.
“We welcome extra U.S.-funded enterprises and long-term capital, together with Blackstone, to proceed to deepen mutually helpful cooperation with China and play a larger position in selling the wholesome improvement of China-US financial and commerce relations,” Xinhua quoted the vice premier as saying.
Schwarzman mentioned that Blackstone, the world’s largest different asset supervisor, was “filled with confidence in China’s financial improvement” and prepared to “proceed to domesticate the Chinese language market and play an energetic position in selling U.S.-China financial and commerce cooperation.”
Blackstone is elevating no less than $10 billion in a brand new Asia non-public fairness fund, which primarily focuses on India, Reuters reported in October. China wouldn’t be among the many fund’s focus markets, sources instructed Reuters on the time.
(Reporting by Farah Grasp and the Beijing newsroom; further reporting by Kane Wu in Hong Kong; Enhancing by Christopher Cushing and Kate Mayberry)
Source link