Black Stone Senior Managing Director: PE in China's future optimism

Note: John Studzinski, senior managing director of Blackstone Group, said he believes private equity funds are optimistic about China's future.　　(Source: Sina Finance Xiao Ying) April 16 Evening News Blackstone Group Senior managing director John Studzinski said to Sina finance that the Chinese people are very innovative and dedicated to business and investment, which is the most attractive place in China, and believes that the development prospects of private equity funds in China are very optimistic. John Studzinski attended the 2011 Annual meeting of the Boao Forum for Asia and participated in a forum on the theme "Private equity and venture capital: Growing Pains". He told Sina Finance that the Chinese people are very innovative and dedicated to business and investment, "they are very enthusiastic, and I think this is the most attractive place in the Chinese market, I believe that private equity funds in China's development prospects will be very optimistic."　　"Earlier this year, Blackstone successfully helped its own-owned China Blue Star Group acquire silicon chip manufacturing company Elkem from the Norwegian Orkla Group, and Elkem is the world's leading silicon material manufacturing company, which helped the Blue Star Group achieve leapfrog development." John Studzinski said that this is the Blue Star Group for the development of the business of the strategic strategy, the Blackstone and Bluestar reached a very good agreement, "private equity participation can help Chinese companies upgrade their skills, make some good acquisitions to build their own network." He also revealed that China has many investors like the Blue Star Group to choose from, the future Blackstone Group will further look for similar private investment projects in China, improve the company's portfolio. (Xiao Ying from Boao)