facebook
twitter
rss
account
search
search
 

Financier begins China scholarship program

April 21, 2013 at 11:36 AM   |   Comments

BEIJING, April 21 (UPI) -- Blackstone founder Stephen Schwarzman announced Sunday that he has endowed $100 million to build an elite scholarship program in China.

Schwarzman will also begin a $200 million fundraising campaign to make the program the largest charitable effort in China's history, a news release said.

The Schwarzman Scholars program will be housed at Tsinghua University in Beijing, and 200 students will attend every year to complete a one-year masters program.

The first class of students is slated for 2016.

Students will be able to choose between four academic disciplines: public policy, international relations, economics and business and engineering.

Schwarzman said he was inspired by the Rhodes Scholarship program and that China's growth and importance in today's economy make it the perfect place for the program.

Former British Prime Minister Tony Blair and U.S. Ambassador to China Gary Locke are supporting the program.

"The Schwarzman Scholars program will help the United States and China strengthen ties in all aspects of our bilateral relationship by deepening mutual understanding between both countries," Locke said.

Schwarzman is the chairman, CEO and co-founder of Blackstone, a financial services firm, and has donated millions to the New York Public Library and other scholarships.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Freedom variant LCS takes to water Freedom variant LCS takes to water
2
MDA demos tracking, targeting capability of Aegis MDA demos tracking, targeting capability of Aegis
3
CNN absent from the Dish Network lineup CNN absent from the Dish Network lineup
4
Australia upgrading Tiger helos; receives MH-60R from U.S. Australia upgrading Tiger helos; receives MH-60R from U.S.
5
Iraq seeks thousands of tank rounds Iraq seeks thousands of tank rounds
Trending News
Around the Web
x
Feedback