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Blackstone Group Drops Anchor In Shanghai  

Posted on Nov 02, 2009 | 19:11

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The Blackstone Group (NYSE:BX) has established as wholly owned subsidiary in Shanghai, the company announced October 30. The subsidiary is expected to raise around RMB 5 billion and will mainly focus on investment in Shanghai and the Yangtze Delta region, guandian.cn reported.

In August this year, the Blackstone Group signed a memorandum of financial cooperation with Shanghai Pudong District government.

Tags:  BX Macro The Blackstone Group

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