Asia real estate and outbound investment news
A subsidiary of Chinese investment giant Fosun International has received a RMB 12 billion ($1.8 billion) loan from a syndicate of mainland banks, according to reports, as the Chinese government ramps up support for indebted private firms.
Shanghai Fosun High… Read More>>
S&P Global Ratings downgraded the credit of Fosun International last week, citing the mainland investment giant’s thinning liquidity buffer and under-pressure capital structure.
The credit ratings giant demoted the conglomerate led by chairman Guo Guangchang by one notch to BB-… Read More>>
Less than a year after Fosun saw its bet on the UK’s Thomas Cook end up in bankruptcy, the Shanghai-based investment firm is watching another bet on leisure spending head down the drain as creditors of Cirque du Soleil prepare… Read More>>
Fosun Tourism, a recently spun off unit of Hong Kong-listed Fosun International filed proof of an IPO application with the Hong Kong stock exchange on Monday that revealed the latest step in what the company is said to plan as… Read More>>
At the top of the news, Fosun’s Guo Guangchang says China’s clampdown on some of the country’s biggest buyers of overseas assets is a necessary measure to deal with “irrational investment” – which presumably doesn’t include his own firm’s recent… Read More>>
China’s debt threat is competing for investor attention with booming markets in Singapore and Australia today as a UK investor’s Asia fund picks up an office block in Brisbane and HNA’s partners around the world wait to see if their… Read More>>
Fosun CEO Liang Xinjun is leaving the company he co-founded more than 25 years ago with four of his school buddies, as revealed by an unexpected announcement in Hong Kong today by Guo Guangchang, the billionaire chairman of the Shanghai-based… Read More>>
Putin’s best-known billionaire admirer is about to step into the White House and just in case Russia wasn’t being sent enough love, one of China’s best known tycoons just gave the country his own $168 million vote of confidence.
Guo… Read More>>
Fosun International is entering the Indian property market and plans to invest nearly $1 billion through a real estate platform it is setting up on the sub-continent, according to India’s Economic Times. If completed, this would be the second major… Read More>>
Things must be getting more challenging in Hong Kong, as the city’s richest man seems to be reconsidering his outlook on the mainland, after selling several properties there. Plus, Fosun’s Guo Guangchang says he can help foreign retailers jump over… Read More>>
