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Fosun CFO Thomas Xue Still Sees Growth in China

Investing.com - Hong Kong-listed Fosun International Ltd (HK:0656) has confident in the Chinese markets and believes it will continue to grow, a CNBC report said on Friday.


In an interview with CNBC during the Morgan Stanley APAC Summit, the company’s CFO Thomas Xue said he still sees growth in China, although it is “slowing down a little bit.”


“It is still one of the fastest growth economy,” Xue said. “The population is there and we believe the growth is still there.”


Xue also gave comments on reports of a bid for German bank Bankhaus Lampe.


“At this moment, probably too early to comment on that, but I know we are always looking for good opportunities to invest in certain good companies,” he said.


Fosun currently has stakes in multiple foreign companies, including France’s Club Med, Greek jeweler Folli Follie, German wealth manager Hauck & Aufhaeuser Privatbankiers, Canada’s Cirque du Soleil and American apparel brand St. John.


Fosun’s Hong Kong-traded shares gained 1.3% on Friday by 12:30 AM ET (04:30 GMT).

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