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Blackstone CEO launches scholars programme in China

CONNECTING WITH CHINA: Mr Schwarzman's close ties to China date back a decade when China Investment Corp forked out US$3 billion for a stake in his company.


WHEN Blackstone Group co-founder and chief executive Stephen Schwarzman was asked by the president of China's elite Tsinghua University to design a major initiative for the school, the private equity billionaire decided to aim high.

His target, Mr Schwarzman told Reuters,...

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