Fosun International enters into a strategic cooperation agreement with HSBC China
HONG KONG, August 26, 2022 /PRNewswire/ — Fosun International Limited (“Fosun International”, stock code: 00656.HK) and HSBC Bank (China) Company Limited (“HSBC China”) today renewed a strategic cooperation agreement (the “Agreement”) to provide strong support to Fosun International and its subsidiaries (“Fosun”) in aspects of operations global capabilities and investment capabilities, growth strategies, resources, etc.
In the presence of Wang Qunbin, Co-Chairman of Fosun International, and Wang Yunfeng, Chairman and Chief Executive Officer of HSBC China, Zhang HoulinSenior Vice President and Co-CFO of Fosun International, and Ma JianExecutive Vice President, Country Head of Commercial Banking of HSBC China today signed a strategic cooperation agreement at the Bund Finance Center of Fosun in Shanghai, marking a new cooperation between Fosun and HSBC. The two sides will work together to support the strategic goal of stabilizing economic growth, promote high-quality development of private enterprises, and make new and greater contributions to advance both pandemic prevention and economic development. and social.
Wang Qunbin, co-chairman of Fosun Internationalsaid: “As a global innovation-oriented consumer group, after 30 years of development, Fosun has become one of the few domestic enterprises equipped with global operating and investment capabilities, and has accumulated profound technology and innovation capabilities.Fosun has a diversified business portfolio, globalized asset allocation, and has always maintained good relationship with financial institutions, resulted in its stable business operations and abundant capital. While continuing to develop the four business segments of health, happiness, wealth and smart manufacturing, Fosun remains true to its original aspiration and actively fulfills its corporate responsibility. of COVID-19, Fosun has contributed to the prevention of the pandemic and promoted the resumption of work and production in an orderly manner. HSBC has always been an important strategic player in the long t erm partner of Fosun. In the future, Fosun will continue to work with HSBC to deepen our globalization strategy, strengthen our investment and development in continuous innovation, actively shoulder corporate social responsibility to make greater contributions to national economic and social development.”
Wang Yunfeng, President and CEO of HSBC Chinasaid: “As a leading private company in China, Fosun has actively innovated in many fields and promoted globalization over the years, and played an important role in preventing the COVID-19 pandemic and resuming work and production. Leveraging the advantage of its global network and local service capability, HSBC is committed to providing financial support to private companies with a global outlook like Fosun, and to contributing to the growth and transformation of China economy. Through this renewal of the strategic cooperation agreement, HSBC will further strengthen its cooperation with Fosun to promote the win-win situation of both parties in more areas, supporting the sustainable and high-quality development of private enterprises. “
HSBC is an internationally renowned financial institution. Through this agreement, Fosun International and HSBC China undertake to strengthen cooperation between the two parties. Based on strategic fit, complementary advantages and mutual support, the two sides will carry out comprehensive cooperation in the future.
Founded in 1992, Fosun is an innovation-driven global consumer group dedicated to providing high-quality products and services to families around the world in the segments of health, happiness, wealth and smart manufacturing. In 2007, Fosun International Limited was listed on the main board of the Hong Kong Stock Exchange (stock code: 00656.HK). In 2021, the total revenue of Fosun International was 161.3 billion RMB and the total assets amounted to 806.4 billion RMB. Fosun International ranks 589th on the Forbes Global 2000 2022 list, with an MSCI ESG rating of AA.