OTC-PINK:FOSUY

Fosun International Enters into Strategic Cooperation Agreement with HSBC China

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Friday, August 26, 2022

HONG KONG, Aug. 26, 2022 /PRNewswire/ -- Fosun International Limited ("Fosun International", stock code: 00656.HK) and HSBC Bank (China) Company Limited ("HSBC China") renewed a strategic cooperation agreement (the "Agreement") today to provide strong support for Fosun International and its subsidiaries ("Fosun") in the aspects of global operation and investment capabilities, growth strategies, financial resources, etc.

Key Points:

HONG KONG, Aug. 26, 2022 /PRNewswire/ -- Fosun International Limited ("Fosun International", stock code: 00656.HK) and HSBC Bank (China) Company Limited ("HSBC China") renewed a strategic cooperation agreement (the "Agreement") today to provide strong support for Fosun International and its subsidiaries ("Fosun") in the aspects of global operation and investment capabilities, growth strategies, financial resources, etc.
In the presence of Wang Qunbin, Co-Chairman of Fosun International, and Wang Yunfeng, President and Chief Executive Officer of HSBC China, Zhang Houlin, Senior Vice President and Co-CFO of Fosun International, and Ma Jian, Executive Vice President, Country Head of Commercial Banking of HSBC China signed a strategic cooperation agreement today at Fosun's Bund Finance Center in Shanghai, marking further cooperation between Fosun and HSBC.
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 fields, providing support for the sustainable and high-quality development of private enterprises. "
Through this Agreement, Fosun International and HSBC China are committed to strengthening the cooperation between the two parties.

Fosun Showcases its Endogenous Growth at the China International Consumer Products Expo

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Tuesday, July 26, 2022

HONG KONG, July 26, 2022 /PRNewswire/ -- The 2nd China International Consumer Products Expo (CICPE) officially openstoday.

Key Points:

HONG KONG, July 26, 2022 /PRNewswire/ -- The 2nd China International Consumer Products Expo (CICPE) officially openstoday.
It has attracted the attention of both domestic and international professional buyers on the first day of the expo.
The CICPE is the only national level expo in China focusing on consumer goods and the largest consumer expo in the Asia-Pacific region.
In 2007, Fosun International Limited was listed on the main board of the Hong Kong Stock Exchange (stock code: 00656.HK).

Fosun International and ICBC Shanghai Branch Enter into Strategic Cooperation Agreement to Jointly Promote the Development of the Private Economy

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Wednesday, July 20, 2022

CFO, Communist party, Happiness, Fosun Pharma, Intelligence, Commercial bank, CFO (magazine), Work, Speech, Senior, CPC, Central committee, ICBC, Chinese, Management, Fosun International, Health

HONG KONG, July 20, 2022 /PRNewswire/ -- On 19 July 2022, the signing ceremony of the strategic cooperation agreement between Fosun International Limited and Industrial and Commercial Bank of China (ICBC) Shanghai Branch was held at ICBC Shanghai Branch.

Key Points:

HONG KONG, July 20, 2022 /PRNewswire/ -- On 19 July 2022, the signing ceremony of the strategic cooperation agreement between Fosun International Limited and Industrial and Commercial Bank of China (ICBC) Shanghai Branch was held at ICBC Shanghai Branch.
ICBC and Fosun will conduct in-depth cooperation in high technology, advanced manufacturing, biopharmaceuticals, happiness industry and other fields to foster development.
Fu Jie, President of ICBC Shanghai Branch and Guo Guangchang, Chairman of Fosun International attended the signing ceremony through video conferencing.
On behalf of the two parties, Zhang Houlin, Senior Vice President and Co-CFO of Fosun International, and Wang Rui, Vice President of ICBC Shanghai Branch, formally signed the comprehensive strategic cooperation agreement, with Fu Jie, Guo Guangchang, Zhang Xiaoqi, Vice President of ICBC Shanghai Branch, and Wang Qunbin, Co-Chairman of Fosun International acting as witnesses.

Fosun International and ICBC Shanghai Branch Enter into Strategic Cooperation Agreement to Jointly Promote the Development of the Private Economy

Retrieved on:

Tuesday, July 19, 2022

HONG KONG, July 19, 2022 /PRNewswire/ -- On 19 July 2022, the signing ceremony of the strategic cooperation agreement between Fosun International Limited and Industrial and Commercial Bank of China (ICBC) Shanghai Branch was held at ICBC Shanghai Branch.

Key Points:

HONG KONG, July 19, 2022 /PRNewswire/ -- On 19 July 2022, the signing ceremony of the strategic cooperation agreement between Fosun International Limited and Industrial and Commercial Bank of China (ICBC) Shanghai Branch was held at ICBC Shanghai Branch.
ICBC and Fosun will conduct in-depth cooperation in high technology, advanced manufacturing, biopharmaceuticals, happiness industry and other fields to foster development.
Fu Jie, President of ICBC Shanghai Branch and Guo Guangchang, Chairman of Fosun International attended the signing ceremony through video conferencing.
On behalf of the two parties, Zhang Houlin, Senior Vice President and Co-CFO of Fosun International, and Wang Rui, Vice President of ICBC Shanghai Branch, formally signed the comprehensive strategic cooperation agreement, with Fu Jie, Guo Guangchang, Zhang Xiaoqi, Vice President of ICBC Shanghai Branch, and Wang Qunbin, Co-Chairman of Fosun International acting as witnesses.

Fosun receives S&P report: Fosun has flexibility to replenish cash and has adequate resources to manage debt maturities

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Tuesday, July 5, 2022

Happiness, Forbes, Hong Kong Stock Exchange, Growth, AA, Company, S&P Global Ratings, Annual report, MSCI, Investment, Forbes Global 2000, Nanjing Iron and Steel Company, POE, HKEX, Group, Intelligence, Bank, Health, Fosun International

According to Fosun International's 2021 annual report, Fosun International has a sound and healthy financial position.

Key Points:

According to Fosun International's 2021 annual report, Fosun International has a sound and healthy financial position.
Facing the volatility of the public market, Fosun made full use of its diversified financing channels to maintain stable liquidity.
In 2007, Fosun International Limited was listed on the main board of the Hong Kong Stock Exchange (stock code: 00656.HK).
Fosun International ranks No.589 on the 2022 Forbes Global 2000 List, with a MSCI ESG rating of AA.

Fosun Receives UBS Report: Believes Fosun can Effectively Manage Financing Risks

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Monday, July 4, 2022

HONG KONG, July 4, 2022 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656, "Fosun International") said that UBS has recently published a report on Fosun International. UBS believes that Fosun can effectively manage near-term financing risks and assigned Fosun a "neutral" rating with a 12-month target price of HK$9.1.

Key Points:

HONG KONG, July 4, 2022 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656, "Fosun International") said that UBS has recently published a report on Fosun International.
UBS believes that Fosun can effectively manage near-term financing risks and assigned Fosun a "neutral" rating with a 12-month target price of HK$9.1.
UBS pointed out that while refinancing risks are rising on China macro concerns, it believes Fosun should be able to effectively manage near-term refinancing risks through a slowdown in investments and an increase in asset disposals.
Fosun has been able to refinance its onshore bonds with short term commercial papers and an offshore bond with asset disposals.

Fosun's Businesses Shows Strong Recovery Momentum as Consumption Regains Vitality and Tourism Industry Continues to Recover

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Thursday, June 30, 2022

As major shopping centers shows signs of recovery, businesses that have been affected by the epidemic since March this year have quickly recovered, and the consumption vitality is ushering in a new climax.

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As major shopping centers shows signs of recovery, businesses that have been affected by the epidemic since March this year have quickly recovered, and the consumption vitality is ushering in a new climax.
As the Epidemic Situation Stabilizes, Businesses and Tourism Consumption have Rebounded Significantly
The resumption of dine-in services in major business districts in Shanghai is accelerating the economic recovery.
The robust momentum in business operations is also catalyzing business recovery.
Positioned as a consumer group in the Happiness segment, Yuyuan Inc. takes "Oriental life aesthetics" as the top concept, and continues to refine the operation of the Happiness industry.

Supporting Communities and Sharing Happiness, 28 Liberty Successfully Hosts Multiple Community Events at New York's Fosun Plaza

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Wednesday, June 29, 2022

Starting from early June, in just 3 weeks, Fosun's 28 Liberty has successfully hosted multiple community events at Fosun Plaza with thousands of participants, in support of local community and to promote arts and culture access to residents, working class, and tourists in downtown Manhattan.

Key Points:

Starting from early June, in just 3 weeks, Fosun's 28 Liberty has successfully hosted multiple community events at Fosun Plaza with thousands of participants, in support of local community and to promote arts and culture access to residents, working class, and tourists in downtown Manhattan.
"Fosun celebrates its 30th anniversary with a continued dedication to making arts and culture accessible to the Lower Manhattan community.
The above three events are significant efforts of Fosun and 28 Liberty's commitment to corporate social responsibilities and support to the local communities.
The office tower's 2.5 acre Fosun Plaza hosts a variety of community events throughout the year, from food festivals to arts programs to educational experiences and more.

Fosun International received S&P Global Rating's latest report

Retrieved on:

Friday, June 24, 2022

HONG KONG, June 24, 2022 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656, "Fosun International") received S&P Global Rating's latest report published yesterday, where it points out that Fosun has adequate resources to meet its upcoming debt maturities over the next six to 12 months and that it believes the company could rely on asset monetization and stable banking relationships to manage its liquidity.

Key Points:

HONG KONG, June 24, 2022 /PRNewswire/ --Fosun International Limited (HKEX stock code: 00656, "Fosun International") received S&P Global Rating's latest report published yesterday, where it points out that Fosun has adequate resources to meet its upcoming debt maturities over the next six to 12 months and that it believes the company could rely on asset monetization and stable banking relationships to manage its liquidity.
According to Fosun International's 2021 annual report, Fosun International has a sound and healthy financial position.
On 8 June 2022, S&P Global Rating published a report, maintaining Fosun International outlook as "Stable"; and affirmed "BB"on Fosun International's long term issuer credit rating and its guaranteed senior unsecured debt.
Fosun International ranks No.589 on the 2022 Forbes Global 2000 List, with a MSCI ESG rating of AA.

Fosun International's FTSE Russell ESG Rating Upgraded and Becomes First-time Constituent of FTSE4Good Index Series

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Thursday, June 23, 2022

Fosun International's FTSE Russell ESG rating has improved for two consecutive years, outperforming the industry average, and has been included in the FTSE4Good Index Series for the first time.

Key Points:

Fosun International's FTSE Russell ESG rating has improved for two consecutive years, outperforming the industry average, and has been included in the FTSE4Good Index Series for the first time.
In order to ensure the smooth and continuous progress of ESG work, Fosun has established a top-down and long-term mechanism for ESG improvement.
Launched in 2001, the FTSE4Good Index Series is the first index series to measure the performance of companies that meet globally recognized corporate responsibility standards.
Fosun International ranks No.589 on the 2022 Forbes Global 2000 List, with a MSCI ESG rating of AA.