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China’s Fosun to target more deals abroad

The head of Fosun International is targeting more deals abroad and says there are no financial or political barriers in the Chinese conglomerate’s way.

“We are looking carefully at [doing deals] in the healthcare, education, fashion and tourism sectors,” Guo Guangchang, Fosun’s chairman said in an interview in Paris on Tuesday.

“Our overseas investments are approved by the Chinese government and the local governments, not just in Europe but globally. We are very transparent . . . The Chinese government is very law oriented so they support the companies who respect the law,” added Mr Guo.

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