Fosun Chairman Guo Guangchang says Fosun International aims to be a global leaders in three emerging markets. (Photo : Getty Images)
The largest private conglomerate of China, Fosun Group, intends to become a global leader in the fields of healthcare, tourism and insurance.
In an interview with Reuters, Fosun Chairman Guo Guangchang said that while the company targets to boost its reputation, it also aims to steer clear out of its current debts.
Guo, who is also the co-founder of Fosun International, explained that the group does not only aim to further develop their companies in advanced markets, it also wants to expand its territories in emerging markets, as various opportunities are now coming into view in the said industries.
In the last 20 years, Fosun has splurged around $30 billion in real estate and insurance acquisitions across the United States and Europe. Outside China, the conglomerate has also invested in the Cirque du Soleil of Canada and Club Med.
"In the sectors where we have invested, we will become a very important international insurance group and a very important tourism group, and we will become a world-leading healthcare provider," Guo said.
He also declared the group's goal for the next five to 10 years: to be the global service provider in terms of wealth, health and happiness of both individuals and families.
While eyeing to make more investments abroad, Guo said that Fosun is not losing sight of the big opportunities to develop foreign brands in China.
"We always look at the angle where we can transfer the company, or the asset, to China," Guo explained.
He is also confident that the annual economic growth of China will increase to 5 percent or 6 percent in the coming years, despite the current economic changes.
Ranked as China's 17th richest man, Guo said that there is an increasing number of opportunities in the global market. In 2014, the group seized one of these prospects by purchasing Fidelidade, a world-renown insurance company based in Portugal.
