Fosun Group and global insurance giant Prudential Financial Inc. has established a strategic partnership since January 2011. Our strategic co-operation has extended from the earliest assets management business to the life insurance business.

On 13 January, Fosun Group and Prudential Financial signed a memorandum of strategic cooperation to establish a private equity fund. Prudential Financial, as a limited partner invests US$500 million in the fund, while Fosun, as a general partner takes responsibility for investment decisions and invests US$100 million. The cooperation demonstrates that Fosun has officially entered the assets management business, achieving the LP fund-raising both in China and overseas.

On 11 April, Prudential Financial and Fosun Group solidify private equity fund partnership through a definitive agreement.

On 15 September, Fosun and Prudential Financial further announced their cooperation regarding their launching of life insurance joint venture in China.

Fosun and Prudential Financial, Inc. to launch life insurance joint venture in China
19 September 2011 (CNTV) (Chinese version only) - Fosun International and Prudential Financial, Inc. announce today that they have received approval from the China Insurance Regulatory Commission on the preparation to launch a new life insurance joint venture company in China.