Fosun International

Fosun Repays US$700 Million Bond, and Has No Significant US Dollar Bonds Maturing in the Next 12 Months

Retrieved on: 
Tuesday, July 4, 2023
Projection, S&P Global, RMB, S&P Global Ratings, Bank, Fosun International

In addition, Fosun has completed the repayment of RMB6.7 billion maturing onshore bonds in the public market.

Key Points: 
  • In addition, Fosun has completed the repayment of RMB6.7 billion maturing onshore bonds in the public market.
  • As a result, Fosun has alleviated any near-term pressure associated with offshore debt repayment for the next 12 months.
  • Being a diversified and internationally active conglomerate, Fosun benefits from the inherent advantages of a well-balanced asset portfolio that can withstand industry-specific and market-specific downturns.
  • The successful redemption of maturing debts in 2023 underscores Fosun's consistent execution of its financial strategy aimed at divesting non-core assets.

Fosun's Ratings Affirmed by S&P, Market Bullish on Chinese Private Enterprises

Retrieved on: 
Wednesday, May 31, 2023
HSBC, China Construction Bank, Exim Bank, Bank of Communications, S&P Global, Industrial and Commercial Bank of China, Bank of China, Daiwa Securities Group, Face, Hang Seng Bank, China Minsheng Bank, Club Med, Bank of East Asia, Communication, Agricultural Bank, Commercial bank, Shanghai Pudong Development Bank, Commerzbank, Deleveraging, Sale, Goldman Sachs, Agricultural Bank of China, Standard Chartered, Bank, Relaxation, Industrial, S&P Global Ratings, News, Risk management, Renewable energy, Security (finance), Fosun International

This move implies that with continuous efforts to optimize capital and asset base, Fosun's short-term liquidity pressure has been greatly eased and its ratings have been affirmed by international agency S&P Global Ratings.

Key Points: 
  • This move implies that with continuous efforts to optimize capital and asset base, Fosun's short-term liquidity pressure has been greatly eased and its ratings have been affirmed by international agency S&P Global Ratings.
  • Analysts believe that coupled with the recent increase in foreign investment in China and the continuous net purchase of domestic securities, S&P Global Ratings' move also revealed that the international capital market is bullish on Chinese private enterprises considering the confidence boost in the outlook of China's economic recovery.
  • At the same time, sound banking relationships enabled sufficient sources of liquidity amid turbulence in the bond market.
  • In the report issued on 30 May, S&P Global Ratings fully affirmed Fosun's sound relationships with domestic and foreign banks.

ZuriMED Closes CHF 14.5M Series-A Financing Round to Revolutionize Surgery with Surgical-Fiberlock Technology

Retrieved on: 
Wednesday, August 9, 2023
University, Shoulder, Surgery, ETH Zurich, USD, Fosun International, MD, Patient, Biology, CHF, Medical device

With this funding, ZuriMED will accelerate development and market uptake of its breakthrough technology for minimally invasive surgical repair of soft tissues, a platform technology it has dubbed the Surgical-Fiberlock™ technology.

Key Points: 
  • With this funding, ZuriMED will accelerate development and market uptake of its breakthrough technology for minimally invasive surgical repair of soft tissues, a platform technology it has dubbed the Surgical-Fiberlock™ technology.
  • The secured financing will facilitate regulatory registration of a first product based on this technology that targets shoulder rotator cuff repair.
  • ZuriMED aims to broadly leverage its groundbreaking technology to address the growing surgical device market in both the United States and Europe within the next three years.
  • Furthermore, with support from the recently introduced Innosuisse Swiss Accelerator Grant program, ZuriMED will receive an additional CHF 2.4 million (USD 2.7 million) of non-diluting funding.

Palatin's Vyleesi® Licensee Fosun Pharma Reports First Commercial Sale in China and South Korean Licensee Kwangdong Pharmaceuticals Completes Enrollment in Phase 3 Clinical Study

Retrieved on: 
Tuesday, August 8, 2023
PTN, Hypoactive sexual desire disorder, Fosun Pharma, Marketing, FTZ, MFDS, Woman, Prescription, Sale, Korean Ministry of Culture, Arousal, South Korea, Patient, HSDD, FDA, Regulation of food and dietary supplements by the U.S. Food and Drug Administration, NYSE, Food, NMPA, Safety, Medical tourism, Pharmaceutical industry, Bremelanotide, Palatine, Fosun International

Palatin also announced that their South Korean licensee, Kwangdong Pharmaceuticals, completed enrollment in its Phase 3 clinical trial evaluating the efficacy and safety of Vyleesi in premenopausal women with HSDD.

Key Points: 
  • Palatin also announced that their South Korean licensee, Kwangdong Pharmaceuticals, completed enrollment in its Phase 3 clinical trial evaluating the efficacy and safety of Vyleesi in premenopausal women with HSDD.
  • Data from this trial is anticipated by year end with a potential regulatory submission in the first half of 2024.
  • "This first commercial sale, coupled with the completed enrollment in the Phase 3 clinical trial in South Korea, strengthens our position in the Asian marketplace.
  • In exchange, Palatin received an upfront payment of $500,000 and is due a $3.0 million milestone based on the first commercial sale in Korea.

515 Fosun Family Day Sales Growth Beats Expectations, Gaining Popularity and Boosting Consumption

Retrieved on: 
Friday, June 30, 2023
Yu Garden, The Bund Finance Center, Habit, Tourism, Yuyuan Tourist Mart, MUSIC, Exhibition, Canadian International Dragon Boat Festival, Culture, Foot, Dragon Boat Festival, Universal Music Group, Photography, BFC, UNIVERSAL, IPS, Beauty, Alipay, Gold, Universal Themes, Channel expansion theory, Growth, Jewellery, Health, Livestreaming, Yuyuan Garden station, Social media, Nightclub, Fosun International

As an important part of the Double Five Shopping Festival, the 515 Fosun Family Day together with more than 60 well-known domestic and foreign brands under its umbrella delivered stellar results and boosted consumption, with a year-on-year growth of 32% in overall sales, of which sales of consumer brands increased by 54% year-on-year.

Key Points: 
  • As an important part of the Double Five Shopping Festival, the 515 Fosun Family Day together with more than 60 well-known domestic and foreign brands under its umbrella delivered stellar results and boosted consumption, with a year-on-year growth of 32% in overall sales, of which sales of consumer brands increased by 54% year-on-year.
  • Gold and catering business saw significant growth, boosting consumption
    The 515 Fosun Family Day is the largest annual event for Fosun and its affiliated brands to give back to customers.
  • This year, the 515 Fosun Family Day, which ran from 1 May to 20 June, spanned May Day and the Dragon Boat Festival, covering more than 240 essential items in the Fosun ecosystem, of which roughly 100 items were newly introduced for the occasion.
  • New scenes to connect new customer groups, gaining popularity
    In addition to a series of promotional activities, Fosun integrated its industries during the 515 Fosun Family Day, and connected new customer groups through new scenes.

Fosun International Included in S&P Global's Sustainability Yearbook 2023 (China Edition) and Recognized as Industry Mover

Retrieved on: 
Wednesday, June 28, 2023
Carbon, Occupational safety and health, Paris Agreement, ABC Family Worldwide, Management, Temperature, Launch, TCFD, Human rights, ESG, Policy, Environment, Paris, Welfare, Culture, Risk management, Business ethics, GRI, United, UN, Climate, Global Compact, Environmental policy, S&P Global, Yearbook, Information, Task force, HKEX, Climate change, Sustainability, Macau, Task Force on Climate Related Financial Disclosures, United Nations, Mainland China, Education, Operational definition, CSA, Carbon neutrality, IDD, United Nations Global Compact, Innovation management, Health, Fertilizer, Renewable energy, Fosun International, Materiality

Based on S&P Global's Corporate Sustainability Assessment (CSA), Fosun International Limited (HKEX stock code: 00656, "Fosun International") was successfully included in S&P Global's Sustainability Yearbook 2023 (China Edition) and was recognized as an "Industry Mover" for its continuous efforts in environmental, social and governance (ESG) over the years.

Key Points: 
  • Based on S&P Global's Corporate Sustainability Assessment (CSA), Fosun International Limited (HKEX stock code: 00656, "Fosun International") was successfully included in S&P Global's Sustainability Yearbook 2023 (China Edition) and was recognized as an "Industry Mover" for its continuous efforts in environmental, social and governance (ESG) over the years.
  • As of 17 March 2023, nearly 1,600 companies assessed for the 2022 CSA were considered for inclusion in the S&P Global's Sustainability Yearbook 2023 (China Edition).
  • Among these companies, S&P Global identified the top performing companies in each industry, and excluded some companies according to the established rules.
  • In addition to being included in the Sustainability Yearbook (China Edition) by S&P Global, Fosun International was recognized as an Industry Mover by S&P Global for its active participation in this year's and last year's CSA, achieving a S&P Global ESG score in the top 15% of its industry (i.e.

Integrating Innovation and Entrepreneurship Empowerment: Protechting 6.0 Global Launch

Retrieved on: 
Tuesday, June 27, 2023
Hive, Insurance, Science, Entrepreneurship, Heart, Marketing, Quality of life, Fintech, Fosun International, Social Security Government Pension Offset, Creativity, The Bund Finance Center, Dream, Non-governmental organization, Patient, Executive Committee, Economic development, Biophysical environment, Association of British HealthTech Industries, ESG, AI, Social, Health, Courage, Environment, Fidelity, Incubation, Medical device, Cryptocurrency, Renewable energy, Fidelidade

HONG KONG, June 27, 2023 /PRNewswire/ -- On 22 June 2023, Fosun Foundation announced the launch of the 6th edition of its "Protechting Acceleration Program" (Protechting 6.0) in Lisbon, Portugal.

Key Points: 
  • HONG KONG, June 27, 2023 /PRNewswire/ -- On 22 June 2023, Fosun Foundation announced the launch of the 6th edition of its "Protechting Acceleration Program" (Protechting 6.0) in Lisbon, Portugal.
  • Protechting 6.0 will invite previous winners to China to network and conduct roadshows in Shanghai, Nanjing, Macau, and Beijing.
  • "The launch of the 6th edition of Protechting follows a growing commitment to open innovation initiatives, capable of strengthening the Group's position at the forefront of innovation," said Daniel Riscado, Head of the Center for Transformation at Fidelidade.
  • "Protechting has also made great strides in international exchange, cultivating Sino-Portuguese relations and stepping into the global arena.

Fosun International Receives Four Awards from Corporate Governance Asia

Retrieved on: 
Tuesday, June 27, 2023
Benchmark, Carbon, Social responsibility, Qiyu Zhou, Happiness, Taiwan Excellence Awards, Paris, Paris Agreement, Education, Culture, Best, United Nations Global Compact, Temperature, Carbon neutrality, TCFD, Biodiversity, Task force, MSCI, Task Force on Climate Related Financial Disclosures, Sustainable development, Climate change, HKEX, Asian Excellence Awards, Economic development, Hang Seng Index, ESG, Ecosystem, Environment, Malaria, Management, Tourism, Health, Fosun International

HONG KONG, June 27, 2023 /PRNewswire/ -- On the evening of 26 June 2023, the magazine Corporate Governance Asia held the 13th Asian Excellence Award ceremony in Hong Kong. Chen Qiyu and Xu Xiaoliang, Executive Directors and Co-CEOs of Fosun International Limited ("Fosun International" or "Fosun" or the "Group") (HKEX stock code: 00656) were both honoured Asia's Best CEO. In addition, Fosun International was awarded Asia's Best CSR and Best Corporate Communications awards.

Key Points: 
  • Chen Qiyu and Xu Xiaoliang, Executive Directors and Co-CEOs of Fosun International Limited ("Fosun International" or "Fosun" or the "Group") (HKEX stock code: 00656) were both honoured Asia's Best CEO.
  • Corporate Governance Asia is one of the most authoritative corporate governance journals in the Asia-Pacific region.
  • It presents the Asian Excellence Award to recognize companies that excelled in financial performance, corporate governance, corporate social responsibility, environmental protection, corporate communication and investor relations.
  • Chen Qiyu, Executive Director and Co-CEO of Fosun International, said, "We are very honoured to receive several awards from Corporate Governance Asia, including Asia's Best CEO and Asia's Best CSR.

Fosun International Receives 11 Awards Including Most Honored Company 2023 from Institutional Investor

Retrieved on: 
Monday, June 26, 2023
Social responsibility, State-owned Assets Supervision and Administration Commission of the State Council, Educational Strategy for Developing Societies, Communication, State, IR, Mainland China, Education, SASAC, Culture, All-China Federation of Industry and Commerce, Central China, BlackRock, University of the Chinese Academy of Sciences, Social science, J.P. Morgan & Co., Research, Attention, CICC, CFOS, Economics, GF Securities, State Council, Small, Club Med, FTG, Biophysical environment, UBS, Growth, Jewellery, ESG, Health, ACFIC, Official Secrets Act 1989, CASS, Institutional Investor, Commerce, Cryptocurrency, Management, Fosun International, Social

Hong Kong, June 25, 2023 /PRNewswire/ -- Institutional Investor, an international authoritative financial media published the results of the 2023 Asia Executive Team survey on 21 June.

Key Points: 
  • Hong Kong, June 25, 2023 /PRNewswire/ -- Institutional Investor, an international authoritative financial media published the results of the 2023 Asia Executive Team survey on 21 June.
  • Fosun International (stock code: 00656.HK) received 11 awards including Most Honored Company for its outstanding industry leadership and remarkable achievements in investor relations, which was a significant improvement compared to last year.
  • On 8 June 2023, the 2023 Fosun International Investor Open Day was held in Shanghai.
  • The IR team of Fosun International has maintained frequent and high-quality communication with domestic and foreign investors for a long time.

Renowned Chinese Baijiu Brand Tuopai and Premier League's Wolverhampton Wanderers FC Held Global Official Partnership Signing Ceremony in London, Shede Spirits Showcased the Allure of Chinese Baijiu to the World

Retrieved on: 
Saturday, June 10, 2023
Food, Beverage, Sports, Wine & Spirits, Retail, Soccer, Hive, Partnership, Premier League, Wolverhampton Wanderers F.C., Culture, Premier League Asia Trophy, Multimedia, Baijiu, Sheding Nature Park, Collegiate summer baseball, Ecosystem, Empowerment, Football, Tourism, Liquor, Wolf, Fosun International

China's renowned Baijiu brand, Tuopai, as a sub-brand of Shede Spirits, and the Premier League powerhouse, Wolverhampton Wanderers FC, held a momentous global official partnership signing ceremony and banquet in London.

Key Points: 
  • China's renowned Baijiu brand, Tuopai, as a sub-brand of Shede Spirits, and the Premier League powerhouse, Wolverhampton Wanderers FC, held a momentous global official partnership signing ceremony and banquet in London.
  • Through this partnership, Tuopai will gain valuable benefits, including brand exposure and the opportunities to conduct consumer experiential activities.
  • Tuopai, a prominent Chinese Baijiu brand under Shede Spirits, a renowned Chinese Baijiu enterprise, originates from Shehong, one of the hometown of Chinese Baijiu.
  • By bringing joy to households worldwide through the enjoyment of Chinese Baijiu, they aim to showcase the captivating aesthetics of the Eastern lifestyle embedded within Chinese Baijiu.