The Chairman of FOSUN INTL, Guo Guangchang, stated that this year the company aims to exit non-core and non-essential Assets, as well as heavy Assets. In addition to continuing to reduce debt, the hope is to achieve an 'investment grade' rating for the company. More importantly, there is a need to adjust the Assets structure and focus on a clear strategic path for the main business development.
He mentioned that this year FOSUN announced privatization plans for HENLIUS and FOSUN Tourism, involving the pharmaceutical and tourism Sectors. This area is where the company has formed its competitive advantages, and it hopes that after privatization, it can accelerate development more flexibly.
He also noted that in recent years FOSUN has continuously strengthened its 'light Assets' strategy and believes that the company's previously accumulated operational capacity of Assets needs to rely on craftsmanship for future success. Only Institutions with low-cost financing capabilities will be able to directly Hold heavy Assets. Additionally, enterprises need to innovate and avoid internal competition, fully leverage domestic supply chain advantages and product competitiveness to participate in the Global market.