Fosun International (00656) signed a strategic cooperation agreement with French Foreign Trade Bank.

On January 16, 2025, FOSUN INTL (00656) signed a strategic cooperation agreement with French Foreign Trade Bank, promising to work together to support the future development strategy of FOSUN INTL and its subsidiaries. In the presence of Wang Qunbin, Executive Director and Co-Chairman of FOSUN INTL, Gong Ping, Executive Director and Chief Financial Officer of FOSUN INTL, Bruno Le Saint, CEO of Asia Pacific at French Foreign Trade Bank, and Aurlien Lasjunies, Director of Business Department at French Foreign Trade Bank's Asia Pacific region, the Senior Vice President and Co-Chief Financial Officer of FOSUN INTL, Zhang Houlin, and the General Manager of Greater China region at French Foreign Trade Bank, Liu Hong, signed the strategic cooperation agreement at Fosun BFC Bund Financial Center, marking a further deepening of the cooperation between FOSUN and French Foreign Trade Bank. According to the agreement, French Foreign Trade Bank will leverage its expertise in professional fields, business in Europe and America, boutique investment banking and M&A business advantages, high credit rating, and stable sources of funding to provide FOSUN with the highest quality financial services in terms of consulting, financing, transaction structures, and risk hedging. Wang Qunbin commented on the cooperation, stating, "We are very pleased to further deepen the long-term strategic partnership with French Foreign Trade Bank. The cooperation between French Foreign Trade Bank and FOSUN began in 2010 and was further strengthened in 2014 when French Foreign Trade Bank provided financing for our businesses in Europe. With more than thirty years of development, FOSUN has a global industrial layout and has maintained good relationships with financial institutions, with abundant funds and stable operations. Through this cooperation, FOSUN can leverage French Foreign Trade Bank's network and resources to continue supporting and helping FOSUN and its various industry groups in global healthy development, deepening our globalization and innovation capabilities." Bruno Le Saint stated, "The signing of this new strategic cooperation agreement fully demonstrates that our past cooperation with FOSUN, especially the agreement signed in 2018, has been very successful, and we are willing to carry out more cooperation in the future. Through this new strategic cooperation, we will fully utilize our international expertise in professional fields to provide high-quality financial services to FOSUN, including consulting, financing, transaction structures, and risk hedging. Since 2010, we have maintained a long-term cooperative relationship with FOSUN and further strengthened it in 2014, looking forward to continue working with FOSUN in the future based on strategic alignment, complementary advantages, and mutual support." FOSUN, rooted in China, grown in the global, has long adhered to the two core growth engines of "globalization" and "innovation" and currently has industrial layout in over 35 countries and regions worldwide. French Foreign Trade Bank is a subsidiary of BPCE Group, one of the largest banking groups in France, encompassing corporate and investment banking, asset management, insurance, and financial services. Through this agreement, FOSUN INTL and French Foreign Trade Bank commit to strengthen their closer cooperation relationship, and future cooperation will be fully launched based on strategic alignment, complementary advantages, and mutual support.