Hedge Fund Blackstone Opens Office in Beijing

Global alternative asset manager the Blackstone Group is opening a representative office in Beijing with former Vice President of Beijing Mainstreets Investment Group, Mr. Shan Fu as chief representative.

"The opening of our Beijing office and the appointment of Shan further underlines our deep commitment to China and the Chinese market." Stephen Schwarzman, Chairman, CEO and Co- Founder, of Blackstone, said, "We welcome Shan to the firm and we look forward to working together."

Fu previously worked in China’s National Development and Reform Commission (“NDRC”), the State Economic and Trade Commission of China, the Office of Economic and Trade in State Council of China, and the Office of Production of the State Council of China.

Fu commented: "I am very excited about joining Blackstone as its Chief Representative in Beijing. I look forward to working with the Blackstone China team to channel the global reach and resources of Blackstone’s alternative asset and advisory platform and increase its presence in the China markets."