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Established in 1992, Fosun is China's largest comprehensive private company. On 16th July 2007, Fosun was listed on the main board of the HKSE and became Fosun International's (0656,HK) wholly owned subsidiary. Fosun's current businesses include steel, real estate, pharmaceuticals, retail, mining, financial services and strategic investment.
With its roots in China, its investment in China's developing economy and due to China's large population, Fosun's major businesses have been benefiting from the growing demand for consumption and investment, sustaining urbanization as well as sustaining growth of Chinese manufacturing for the global market.
After nearly 16 years of growth, based on three core capabilities: the capability to explore China's high growth investment opportunities, the capability to retain optimized management and improving corporate value, and the capability of establishing a system of multi-channel finance and attracting high quality capital, Fosun has established its business development mode: the key is the entrepreneurs and team recognizing Fosun's corporate culture. The development mode has been approved by the high growth of Fosun. In 2007, Fosun International has achieved its business income of RMB31.977billion and net income of RMB3.354 billion, registering 32% and 206% increase over the previous year respectively.
At present, Fosun has retained its position among China's Top 500 Enterprises and has been the No.1 tax-payer among China's private enterprises for four consecutive years. Fosun enjoys steady growth in its invested industries and to a large extent; it is one of the top 10 players in these industries.
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