PR97570

HONG KONG, Aug. 29, 2022 /PRNewswire=KYODO JBN/ --

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. The two parties

will work together to support the strategic goal of stabilizing economic

growth, promote the high-quality development of private enterprises, and make

new and greater contributions to advance both the pandemic prevention and

economic and social development.

Wang Qunbin, Co-Chairman of Fosun International, said, "As a global

innovation-driven consumer group, after 30 years of development, Fosun has

grown into one of the few domestic enterprises that is equipped with global

operation and investment capabilities, and 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 Intelligent Manufacturing, Fosun remains true to its original

aspiration and actively fulfills its corporate responsibility. Since the

COVID-19 outbreak, 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 long-term strategic partner of Fosun. In the future,

Fosun will continue to work with HSBC to continuously deepen our globalization

strategy, strengthen our investment and development in continuous innovation,

actively fulfill corporate social responsibility to make greater contributions

to national economic and social development."

Wang Yunfeng, President and Chief Executive Officer of HSBC China, said, "As a

leading private enterprise in China, Fosun has been actively innovating in many

fields and promoting globalization over the years, and has played an important

role in the prevention of the COVID-19 pandemic and the resumption of work and

production. Leveraging our global network advantage and local service

capability, HSBC is committed to providing financial support to private

enterprises with global vision like Fosun, and contributing to the growth and

transformation of China's 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 fields, providing

support for the sustainable and high-quality development of private

enterprises. "

HSBC is an internationally renowned financial institution. Through this

Agreement, Fosun International and HSBC China are committed to strengthening

the cooperation between the two parties. On the basis of strategic fit,

complementary advantages, and mutual support, the two parties will carry out

comprehensive cooperation in the future.

About Fosun

Founded in 1992, Fosun is a global innovation-driven consumer group dedicated

to providing high-quality products and services for families around the world

in Health, Happiness, Wealth, and Intelligent Manufacturing segments. In 2007,

Fosun International Limited was listed on the main board of the Hong Kong Stock

Exchange (stock code: 00656.HK). In 2021, Fosun International's total revenue

was RMB161.3 billion and total assets amounted to RMB806.4 billion. Fosun

International ranks No.589 on the 2022 Forbes Global 2000 List, with a MSCI ESG

rating of AA.

Source: Fosun