 Founded in 1992, Fosun Group is a classic story of success after China's reform and opening-up. On 16 July 2007, Fosun International (00656.HK), the parent company of Fosun Group was listed on the main board of the Hong Kong Stock Exchange. During 2011, the three major growth engines of Fosun, namely industrial profits, investment profits and asset management profits rose rapidly, enabling Fosun to make strides towards its vision of becoming “a premium investment group with a focus on China’s growth momentum”. Currently, the Group mainly invests in sectors that would significantly benefit from the growth in domestic demand of China, such as consumption and consumption upgrade, financial services, resources and energy, and manufacturing upgrade, with a view to participating in the rapid development of China’s economy.
Fosun’s investment philosophy is to maintain a strong base in China and invest in the country’s growth fundamentals. It proactively taps into investment opportunities arising from China's economic transformation with focus on domestic demand as well as China’s progress of urbanisation and industrialisation. At the same time, Fosun seeks to capitalise on structural changes in the global economy, implementing its unique investment model of “combining China's growth momentum with global resources” and reinforcing its position as a China expert with global capacity. Apart from strictly implementing its strategy of value investment and constantly creating value for the society and its shareholders, Fosun also actively contributes its efforts to improve the business and natural environments of China so as to support the rejuvenation of Chinese economy and culture.
In practice, Fosun unremittingly builds up its capabilities in identifying and capturing investment opportunities in China, improving the management and enhancing the enterprise value of investees, and establishing multi-channel financing system to access quality capital. With the value chain based on these three core competencies and a group of entrepreneurs endorsing its corporate culture, a solid foundation is laid for the continuous rapid growth of Fosun.
For the first half of 2011, Fosun recorded net profits of RMB3.4 billion. Fosun is ranked 81st among China's top 500 enterprises of 2011 by Fortune, 88th among China’s top 200 efficient enterprises of 2011. All its businesses enjoyed leading role in their respective niche markets with healthy development. |
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