Harman Patil (Editor)

Fosun International

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Traded as
SEHK: 00656

Shanghai, China

Parent organization
Fosun Holdings Limited

Fosun International logokorgwpcontentuploads201410Fosunlogoan

Key people
Chairman: Guo Guangchang CEO: Liang Xinjun President: Wang Qunbin

Diversified Investments

Fosun International Holdings (71.48%)

Stock price
0656 (HKG) HK$ 12.30 -0.02 (-0.16%)15 Mar, 4:08 PM GMT+8 - Disclaimer

Liang Xinjun (16 Jan 2009–)

Club Med, Wolverhampton Wanderers F.C.

Liang Xinjun, Guo Guangchang, Fan Wei


Wolves bought by chinese conglomerate fosun international for 45m

Fosun International Limited is a Chinese international conglomerate and investment company. Founded in 1992 by Guo Guangchang and 4 other people, the company is headquartered in Shanghai and was incorporated in Hong Kong in 2004. Its CEO is Liang Xinjun.



Fosun Group was founded in 1992 by five graduates of Fudan University: Guo Guangchang, Liang Xinjun, Wang Qunbin (Chinese: 汪群斌), Fan Wei (Chinese: 范伟), and Tan Jian (Chinese: 谈剑). The major holding company of the group, Fosun High Technology was incorporated in 1994 in the mainland China.

In the 1990s, Fosun started its business by doing market research. Then Fosun extended its business into the healthcare industry, real estate, etc. In 2004, a new holding company of the group, Fosun International Limited was incorporated in Hong Kong. In July 2007, Fosun International was listed on the main board of the Hong Kong Stock Exchange as SEHK: 00656.

During 2011, the three major growth engines of Fosun, industrial profits, investment profits and asset management profits rose rapidly, enabling Fosun to make strides toward its vision of becoming "a premium investment group with a focus on China's growth momentum".

From 2010 through 2015, Fosun has spent billions buying foreign firms and says it is looking at healthcare, tourism, fashion firms and banks in the US and Europe. These include France's Club Med, Britain's Thomas Cook Group, Canada's Cirque du Soleil, American clothing label St John, and Greek jeweler Folli Follie. At the end of 2014 it was announced, that Fosun would be acquiring the US insurer Meadowbrook for around $433 million, marking the first full purchase of a US insurer by a Chinese company.

On 11 December 2015, it was reported that the chairman of Fosun, the billionaire Guo Guangchang has disappeared, and it is speculated that he was questioned by government authorities in an inquiry stemming from Party General Secretary Xi Jinping’s anti-corruption efforts. Guo however reappeared on 14 December 2015 at a Fosun board of directors meeting. During his disappearance, Fosun requested that trading of shares be temporarily suspended. The Fosun board of directors issued a statement saying that Guo was assisting in a government inquiry which, in their opinion, did not present a “material adverse impact” on Fosun's finances or operations.

On 21 July 2016, it was confirmed that Fosun had bought the English football club Wolverhampton Wanderers from its previous owner Steve Morgan for an estimated £45 million.


Fosun's businesses cover industrial operations, investment, asset management, and insurance with many subsidiary companies in each business.

Industrial operations:

  • Fosun Pharmaceutical (40.02%)
  • Hainan Mining (54.0%)
  • Fosun High Technology (100%)
  • Investment:

  • Fosun Finance (86%)
  • Fosun Hani Securities (100%)
  • Miacom Diagnostics
  • Secret Recipe
  • St John, an American fashion brand that specializes in women's knitwear
  • Perfect World
  • Asset management:

  • IDERA (in Japan)
  • Resolution Property (in UK)
  • Fosun Eurasia Capital (in Russia)
  • Rio Bravo Investmentos (in Brazil)
  • Insurance:

  • Peak Reinsurance (85.1%)
  • Fidelidade (85.0%)
  • Ironshore (100%)
  • Real estate:

  • Shanghai Forte Land (99.15%)
  • Fosun Property Holdings (100%)
  • 126 Madison Avenue (New York)
  • 28 Liberty Street (New York)
  • Citigroup Center (Tokyo)
  • 73 Miller Street (Sydney)
  • Lloyds Chambers (London)
  • a project in Donggang (Dalian) (64%)
  • Private hospitals:

  • Luz Saúde
  • Entertainment :

  • Club Med (85.6%)
  • Studio 8 (60%)
  • Wolverhampton Wanderers F.C.
  • Private equity funds managed

  • Carlyle-Fosun
  • Fosun Capital
  • Fosun Chuanghong
  • Ji'nan Financial Development Investment Fund
  • Pramerica-Fosun China Opportunity Fund
  • Shanghai Sunvision Binhe Equity Investment Center
  • Shanghai Sunvision Xicheng Equity Investment Center
  • Star Capital (Shanghai Star Equity Investment L.P.)
  • Weishi Fund
  • Zhejiang Growth Fund
  • Joint ventures

  • Nanjing Nangang Iron and Steel United (60% share capital, 50% voting rights)
  • Nanjing Iron and Steel Company (SSE: 600282, 48.19%)
  • Pramerica–Fosun Life Insurance (50%)
  • Equity investments

  • Banco Comercial Português (23.92%)
  • China Minsheng Bank (2.22%)
  • China Financial Services Holdings (SEHK: 605, 4.9%)
  • Cirque du Soleil (25% via private equity funds managed by Fosun International and associated company Yuyuan Tourist Mart)
  • Focus Media (8.09%)
  • Folli Follie (10%, additional 3.89% stake held by Pramerica-Fosun China Opportunity Fund)
  • New China Life Insurance (3.28%)
  • Shanghai Zendai Property (14.0%)
  • Thomas Cook Group (5.76% via Fidelidade)
  • Yong'an Property Insurance (19.9%)
  • Yuyuan Tourist Mart (26.45%)
  • Zhaojin Mining (3.57%)
  • Former portfolio companies

  • China Huarong Asset Management
  • Awards

    In July 2011, Fosun ranked No. 81 among Fortune (China)'s top 500 enterprises of China. In December 2011, Fosun was awarded "2011 Top Chinese Non-state owned Enterprises of CSR" by Southern Weekend. In April 2012, Fosun was no. 1136 in Forbes Global Top 2000 enterprises.


    The major shareholder of Fosun International was a Hong Kong incorporated company Fosun Holdings, which was a wholly owned subsidiary of British Virgin Islands incorporated company Fosun International Holdings. Three founders of Fosun International, Guo Guangchang, Liang Xinjun and Wang Qunbin, owned 64.45%, 24.44% and 11.11% respectively in Fosun International Holdings. Fan Wei, another founder, withdrew his stake in Fosun International Holdings in September 2015.


    Fosun International Wikipedia

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