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FOSUN INTERNATIONAL LIMITED

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Fosun International : joins hands with Standard Chartered Bank to create the global ESG impact of Chinese enterprises

11/08/2021 EST
Fosun International joins hands with Standard Chartered Bank to create the global ESG impact of Chinese enterprises
Release Time:2021-11-08Author:Source: Pageviews:

6 November 2021, Shanghai, China - Fosun InternationalLimited ("Fosun International") and Standard Chartered Bank signed a Global Strategic Cooperation Memorandum of Understanding during the CIIE.The two parties will leverage their respective business expertise and industrial advantages to further strengthen collaborations in promoting green and sustainable development, enhancing the innovation of corporate and personal financial services, and working together against the epidemic. The two parties will fully integrate each other's global network, give full play to accelerate the promotion of the dual circulation development pattern and build up competitive advantages in ESG (Environmental, Social and Governance) leadership of Chinese enterprises in the international market.

Zhang Houlin, Senior Vice President and Co-CFO of Fosun International, said: "Standard Chartered Bank is an important partner of Fosun. We have maintained the amicable partnership and long-standing collaboration on Fosun's focused business segments 'Health, Happiness, Wealth, and Intelligent Manufacturing'. Fosun's strategy of combining China's growth momentumwith global resourcesis highly compatible with Standard Chartered's global network layout. In the future, Fosun will continue to deepen cooperation with Standard Chartered in terms of sustainable finance, industrial investment and asset management. At the same time, Fosun is willing to encourage customer resources sharing, accelerate mutual penetration, promote cross-industrial interactions and enhance innovative collaboration capabilities to achieve a new leap forward."

Jerry Zhang, President, CEO and Deputy Chairman of Standard Chartered China, said: "Standard Chartered Bank is committed to becoming a bridge for Chinese companies to connect overseas resources and expand their global business. We look forward to leveraging the important platform of CIIE and our unique global network, especially in markets along 'One Belt One Road', introducing professional financial products, deepening the comprehensive cooperation with Fosun International, and helping Fosun International enhance its international impact in sustainable development field. "

Qin Xuetang, Executive Director, Executive President, CRO of Fosun International; Zhang Houlin, Senior Vice President and Co-CFO of Fosun International; Qian Jiannong, Chairman and CEO of Fosun Tourism Group; Jerry Zhang, President, CEO and Deputy Chairman of Standard Chartered China; Jean Lu, Deputy President and Co-Head of Corporate Commercial & Institutional Banking of Standard Chartered China attended the signing ceremony.

Fosun is a global innovation-driven consumer group deeply engaged in four business segments "Health, Happiness, Wealth, and Intelligent Manufacturing". Fosun is committed to providing a sustainable ecosystem and high-quality products and services to one billion family and corporate customers around the world. Fosun has extensive cooperation with Standard Chartered Bank in many markets such as China, Europe, South Asia, and Africa.

This year is the fourth consecutive year that Standard Chartered has participated in the CIIE. The theme of Standard Chartered's exhibition is "Cohesion and Building a Sustainable Ecosphere". As a leading financial institution, Standard Chartered showed strong presence in developing a green financial, cross-border and inclusive ecosystem. Standard Chartered is willing to work hand in hand with all parties, support the domestic and international dual circulation development and contribute to the global sustainable development in the new chapter.

Disclaimer

Fosun International Limited published this content on 08 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 10:21:02 UTC.


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Sales 2021 155 B 24 445 M 24 445 M
Net income 2021 12 012 M 1 895 M 1 895 M
Net Debt 2021 126 B 19 871 M 19 871 M
P/E ratio 2021 4,92x
Yield 2021 4,67%
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Free-Float 27,2%
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Last Close Price 7,19 CNY
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Spread / Average Target 48,2%
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Qi Yu Chen Co-Chief Executive Officer & Executive Director
Xiao Liang Xu Co-Chief Executive Officer & Executive Director
Ping Gong Chief Financial Officer & Executive Director
Hou Lin Zhang Co-Chief Financial Officer & Senior Vice President
Li Gang Zhang Co-CFO & GM-Financial Management
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