FIN 4060 China Finance
Professor: Liu Ming
Date of Submission: 10/12/08
Fosun International
Chow Chin Ching, Jason 05754563
Chow Lok Kan, Kenneth 05752414
Kwan Lai Kin, Javis 05619443
Wan Pui Ling, Anita 08067654
a .Background of Fosun
Shanghai Fosun High Technology (Group) Co. Ltd (????????) is the largest diversified privately-owned conglomerate in China. It is also known as “Shanghai’s Hutchison Whampoa” (????). Fosun is currently one of China’s Top 50 Enterprises. Its parent company, Fosun International was listed on the SEHK on 16 July 2007. This marks the most historical leap for Fosun.
Founders
Fosun was founded by four university graduates from the Fudan University in 1992. They are Guo Guangchang (???), Liang Xinjun (???), Wang Qunbin (???) and Fan Wei (??). They are all currently serving in management positions in Fosun.
???, Chairman, CEO
He currently ranks 53 on the Forbes list of China’s 400 richest. (He was the 3rd richest person in China in 2007.)
???, Vice chairman, President
He currently ranks 191 on the Forbes list of China’s 400 richest.
???, Executive Director, Chairman of Fosun Pharmaceutical
??, Executive Director, President of Forte Land
The Expansion of Fosun
1. First phase: 1992-1994
In 1992, ???and three schoolmates borrowed RMB 38 000 to invest in market research and product development in genetic engineering (in which the company is now called Fosun Pharma). The co ...