On November 5, Fosun Group’s Chairman Guo Guangchang attended the sixth China and Central and Eastern European (CEE) Countries Economic and Trade Forum held in Riga, the capital of Latvia. China’s Premier Li Keqiang attended the forum’s opening ceremony and delivered a keynote speech. During the forum, the establishment of the “China and CEE Countries Fund”, of which Fosun Group is a co-sponsor, was formally announced in the presence of Premier Li.

Led by the Industrial and Commercial Bank of China, the “China and CEE Countries Fund” is an investment fund jointly sponsored and established by Fosun Group, China Life Insurance and the Royal Golden Eagle Group of Singapore. The fund targets it markets in CEE countries, and extends to Europe and other regions whose interests are in line with those of China and CEE countries. It focuses on investment and cooperation opportunities in sectors such as infrastructure construction, advanced technology-assisted manufacturing, and mass consumption. It gathers resource advantages of China, CEE countries and more generally around the globe, drawing Chinese and foreign collaborative partners to facilitate mutual participation. By combining China’s growth momentum with global capital, a regional industrial and capital platform will be established, which offers leading, integrated financial solutions relating to “investment banking + investment + commercial banking”. Regarding the investment pool establishment, the fund is proactively pursuing a chorus of investment opportunities with influential powers in society and promising economic returns. These involve a wide range of sectors including transportation and logistics, clean energy, high-technology manufacturing, pharmaceutical and medical sectors, and food processing.

　　The forum was jointly organized and held by China’s Ministry of Commerce and the Latvian authorities. More than 800 representatives from Chinese and foreign enterprises attended the events, hailing from areas such as infrastructure construction, finance, energy, logistics, trade, tourism and communication.