OTC:FOSUY

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

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星期三, 五月 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.

NUS and PwC Jointly Release Sustainability Counts II, affirming Fosun International's leading standard in ESG disclosure

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星期三, 七月 12, 2023

Fosun International Limited (HKEx stock code: 00656, "Fosun International" or "Fosun") is one of the Hong Kong-listed companies studied.

Key Points: 
  • Fosun International Limited (HKEx stock code: 00656, "Fosun International" or "Fosun") is one of the Hong Kong-listed companies studied.
  • The Report shares Fosun International's active response to the challenges of ESG disclosure, and management cases in ESG disclosure, promotion of sustainable development and corporate responsibility.
  • Sustainability Counts II analyzes the state of sustainability reporting in Asia Pacific, elaborating on sustainability reporting requirements globally and across Asia Pacific, and providing insights on the journey to date.
  • The GRI framework, adopted by 81% of companies studied, continues to be the dominant sustainability reporting standard in Asia Pacific.

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

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星期五, 六月 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

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星期三, 六月 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

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星期二, 六月 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

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星期二, 六月 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

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星期一, 六月 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.

Investor Open Day: Fosun Implements Business Streamlining and Resilience Building Strategy, Focusing on Core Businesses to Bring New Vitality

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星期五, 六月 9, 2023
Lanvin, Bank of Communications, BlackRock, CICC, GF Securities, European, UBS, Biosimilar, Relaxation, BLA, Mining, The Bund Finance Center, Carcinoma, China Construction Bank, Tourism, Bank of China, Face, Culture, Commercial bank, Yuyuan Tourist Mart, Innovation, Research, Agricultural Bank of China, FTG, Growth, FDA, Empowerment, S&P Global Ratings, Industrial and Commercial Bank of China, Club Med, Communication, Agricultural Bank, Health, J.P. Morgan & Co., BFC, Fosun Pharma, Industrial, Social services, S&P Global, Person, Bank, Annual report, Regulation of tobacco by the U.S. Food and Drug Administration, Food, Security (finance), Management, Renewable energy, Pharmaceutical industry, Fine chemical, Fosun International, EU

It was the first time that Fosun International had held a large-scale offline open day after the pandemic.

Key Points: 
  • It was the first time that Fosun International had held a large-scale offline open day after the pandemic.
  • The investor relations team of Fosun International gave investors an in-depth tour of Fosun Pharma headquarters, the Grand Yuyuan, the Bund Finance Center (BFC), etc.
  • After winning out over the "perfect storm" in 2022, Fosun has been maintaining its strategic focus and accelerating the implementation of the business streamlining and core business-focused strategy.
  • As of the end of March 2023, Fosun successfully brought down holding-company debt by about RMB24.0 billion to RMB93.0 billion.

515 Fosun Family Day Sets Off Consumption Boom With Cumulative Sales of Nearly RMB10 Billion

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星期五, 六月 2, 2023
KOC, Taste, Cat, Elasticity, Happiness, Omnichannel, Classic of Mountains and Seas, The Bund Finance Center, Marketing, Yuyuan Tourist Mart, Innovation, Research, Element, Monkey, RMB, VR, BFC, Internet, New Year, Beauty, Modern Family (season 2), Collection, Economic development, Monkey King, Virtual reality, Ecosystem, Classic, Livestreaming, Yayi, Animation, Wealth, Social media, Film industry, Retail, Tourism, Online shopping, Cryptocurrency, Health, Fosun International, Yu Garden, Alipay

As an essential part of the Double Five Shopping Festival, the 515 Fosun Family Day delivered stellar results with nearly 10 billion (RMB, same below) omni-channel sales, boosting consumption.

Key Points: 
  • As an essential part of the Double Five Shopping Festival, the 515 Fosun Family Day delivered stellar results with nearly 10 billion (RMB, same below) omni-channel sales, boosting consumption.
  • This year's 515 Fosun Family Day collaborates with the Double Five Shopping Festival to target "new customer groups", "new supply" and "new scenes", stimulating consumption, unleashing consumption potential, and creating new consumption patterns.
  • Up to now, the 515 Fosun Family Day has registered nearly 10 billion omni-channel sales, delivering stellar results.
  • During the 515 Fosun Family Day period this year, Fosun integrated ecosystem brands to distribute consumption vouchers, which also accelerates the upgrading of online business.

Positive Revision! Fosun's Ratings Affirmed by S&P

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星期三, 五月 31, 2023
HSBC, China Construction Bank, Exim Bank, Bank of Communications, S&P Global, Industrial and Commercial Bank of China, Bank of China, Hang Seng Bank, China Minsheng Bank, Club Med, Bank of East Asia, Communication, Agricultural Bank, Commercial bank, Shanghai Pudong Development Bank, Commerzbank, Sale, HKEX, Agricultural Bank of China, FTG, Standard Chartered, Bank, Relaxation, Industrial, S&P Global Ratings, Security (finance), Risk management, Fosun International

HONG KONG, May 31, 2023 /PRNewswire/ -- International rating agency S&P Global Ratings issued a report, raising Fosun International Limited's (HKEX stock code: 00656, "Fosun International") rating outlook to stable.

Key Points: 
  • At the same time, sound banking relationships enabled sufficient sources of liquidity amid turbulence in the bond market.
  • The significant asset disposals and stable credit support from banks enabled Fosun's successful repayment of all concentrated maturing bonds in the past three quarters.
  • As of the end of March 2023, Fosun successfully brought down holding-company debt by about RMB24.0 billion to RMB93.0 billion.
  • S&P Global Ratings affirmed its long-term issuer credit rating and guaranteed senior unsecured notes rating on Fosun, raising Fosun's rating outlook from negative to stable.