Fosun International Limited and HSBC Bank (China) renewed a strategic cooperation agreement today to provide strong support for Fosun International and its subsidiaries in the aspects of global operation and investment capabilities, growth strategies, financial resources and more.
In the presence of Wang Qunbin, co-chairman of Fosun International, and Wang Yunfeng, president and CEO 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.
“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,” Wang Qunbin, co-chairman of Fosun International, said. “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.”
“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,” Wang Yunfeng, president and CEO of HSBC China, said. “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.”