SHANGHAI, March 26, 2018 /PRNewswire/ -- Fosun International Limited ("Fosun International") (00656:HK) and The Hongkong and Shanghai Banking Corporation Limited ("HSBC") today signed a strategic cooperation agreement ("the Agreement"), providing strong support for the future growth strategy of Fosun International and its subsidiaries ("Fosun").
Wang Qunbin, CEO of Fosun International and Stuart Grant, Vice Chairman, Commercial Banking of HSBC (Asia Pacific) jointly signed the strategic cooperation agreement at the Bund Finance Center, Fosun's Shanghai headquarters, marking a new era of cooperation between Fosun and HSBC. Through this Agreement, Fosun International and HSBC are committed to fostering a closer collaboration based on strategic fit, complementary advantages and mutual support.
Wang Qunbin, CEO of Fosun International commented, "We are very pleased to welcome HSBC as an important strategic and long-term partner of Fosun. Most importantly, as one of the world's largest banks with roots in Asia, we are excited that they share our strategic vision of 'innovating a global happiness ecosystem centered around the family with roots in China'. Through this partnership, Fosun can leverage the vast network and resources of HSBC to strengthen and accelerate our global growth strategy, in particular, our ecosystems founded on health, happiness and wealth and our investment and development into world-class technology and innovation."
Stuart Grant, Vice Chairman, Commercial Banking of HSBC (Asia Pacific) said, "Our network in 67 markets across the world covers 90% of global GDP, trade and capital flows. This strength enables us to offer a unique insight into international expansion strategies and makes us well positioned to support Chinese enterprises with global ambitions."
HSBC is an internationally renowned financial institution. According to the Agreement, HSBC will provide Fosun with a range of worldwide financial services, including corporate financing services, cash management and settlement services, global capital market operations, and various market risk hedging services.
Fosun International is a family focused multinational company that has been listed on the main board of the Hong Kong Stock Exchange (00656:HK) since 2007. Founded in 1992, Fosun's total assets exceed RMB500 billion as of June 30, 2017. With its roots in China, and through technology and innovation, Fosun's mission is to create customer-to-maker (C2M) ecosystems in health, happiness and wealth, providing high-quality products and services for families around the world.