2015 Fosun International AGM and Investor Forum 

● How will Fosun’s "investment + insurance" strategy be further developed?
● How will Fosun integrate its established concepts of healthcare and happy &fashionable lifestyle into its cross-industry integration innovation closed-loop?

The 2015 Fosun International Annual General Meeting and investor forum were held on May 28 at the Grand Hyatt Hotel and Shangri-La in Hong Kong.

At the meeting, Chairman Guo Guangchang, Vice Chairman and CEO Liang Xinjun, Executive Director, Senior Vice President and CFO Ding Guoqi and Executive Director and Senior Vice President Qin Xuetang, as well as various heavyweight leaders of Fosun’s various industries, met with 700 shareholders, institutional investors, media and guests to hold dialogues on issues of concern relating to Fosun’s future development. The following is a summary of the questions asked:

Summary of Guo Guangchang and Liang Xinjun’s response to shareholder and investor questions at the AGM

Creating industrial ramparts for Fosun’s insurance business  

Guo Guangchang: I feel that there will soon be a great development opportunity for China’s insurance industry. The downward adjustment of interest rates throughout China is a good opportunity for us to increase our domestic insurance investments. We will therefore seize this opportunity to increase our domestic insurance investments. In the near future, Fosun will build itself into a powerful global insurance group taking roots in China. The more successful we are in doing this, the stronger the industry ramparts we can create.

Regarding the newly debuted approval of Zhejiang Internet Commerce Bank 

Guo Guangchang: Zhejiang Internet Commerce Bank will be a unique and very fast-growing bank. First of all, it can provide more financial services to more people without any physical outlet, which allows the bank to have lower costs. Secondly, it is a bank established on the cloud, so it will rely heavily on the SME business service capabilities already established by Taobao and make extensive use of the data established by Taobao. Fosun owns 25% of the shares, while Alibaba owns 30%. As the second largest shareholder, we will fully support the operations of this Internet bank.

Focusing on building a “moat” in China 

Liang Xinjun: The first significant difference is, Mr. Guo is about 40 years younger than Mr. Buffett. They will be lots of room for Mr. Guo to go ahead and develop the business for another 40 years’ time.

Secondly, we focus on China’s growth momentum, whereas Mr. Buffett stresses that he doesn’t need to invest globally as he only needs to invest in American companies. We are currently focused on global investment and opportunities to benefit from China’s growth. Moreover, we are focused on building a "moat" in China and establishing channels and networks so that we can establish an excellent support system that allows our investment companies to grow in value in China’s healthcare and happy & fashionable lifestyle businesses.

Thirdly, Fosun also has industrial capabilities, post-investment operational capabilities, and systems in the fields of healthcare and happy & fashionable lifestyle. These are the most obvious differences between us and Hathaway.