Fosun Hani Upgrades Business and Renames to “Fosun Wealth” Draws on Strengths of Fosun to Reinforce and Empower Global Wealth Management Business
Hong Kong, 13 February 2023 – Fosun Hani Technology Finance Group Limited announced that it has upgraded the businesses of its three wholly-owned subsidiaries – Fosun Hani Capital Limited, Fosun Hani Asset Management Limited, and Fosun Hani Securities Limited – and changed its name to “Fosun Wealth International Holdings Limited” (“Fosun Wealth” or “Fosun Wealth Group”) after a renaming and unveiling ceremony. Fosun Wealth has committed to embarking on a new journey by enhancing its wealth management business, and building a Hong-Kong based digital and intelligent global wealth management platform that serves customers with high-quality financial products and services.
Renaming, Evolving, Enhancing, and Focusing
Founded in 1987, Fosun Wealth, formerly known as “Hani Securities (Hong Kong) Limited”, was acquired by Fosun International Limited (stock code: 656) as a wholly owned subsidiary in September 2014 and renamed to “Fosun Hani Securities Limited” in January 2016. This year, the 36-year-old global wealth manager embraced a major strategic evolution and business upgrade. The renaming signifies the company’s strategic decision to focus on a big wealth business approach. Going forward, Fosun Wealth will continue to develop its unique asset management and investment banking businesses with technology as a core driver. Fosun Wealth will also set industry standards as a differentiated service and product provider.
Serving Worldwide with the Strength of Fosun’s Resources
Founded in 1992, Fosun International is a global innovation-driven consumer group dedicated to providing high-quality products and services to families around the world in Health, Happiness, Wealth and Intelligent Manufacturing segments. In 2007, Fosun International was listed on the Main Board of the Hong Kong Stock Exchange (stock code: 00656.HK). As of end of June 2022, Fosun International’s total assets amounted to RMB 849.7 billion. Fosun International ranks No.589 on the 2022 Forbes Global 2000 List, with a MSCI ESG rating of AA.
As a wholly owned subsidiary of Fosun International in Hong Kong, Fosun Wealth plays a key role in Fosun International’s “Wealth” segment and its overseas financial blueprint. Fosun Wealth has promoted its strategic technology finance transformation and fully leveraged Fosun International’s powerful global network and resources to improve its overseas investment channels and overseas wealth management and asset management capabilities. Fosun Wealth is committed to act as a bridge for local and international companies seeking development opportunities while advising 1 billion families worldwide on securing and maximizing asset value.
Technological Innovation, Diversified Expertise, Quality Service, and Exceptional Outcomes
With its solid financial position, Fosun Wealth Group has obtained various licenses in multiple business sectors, including SFC types 1, 2, 4, 6 and 9 licenses held by Fosun International Securities Limited, Fosun International Asset Management Limited, and Fosun International Capital Limited respectively. Fosun Wealth Group has also been recognized as a licensed money lender in Hong Kong, a licensed insurance broker registered by the Hong Kong Insurance Authority, and a principal intermediary registered by the Hong Kong Mandatory Provident Fund Authority. These allow Fosun Wealth Group to provide global customers with tailor-made financial solutions and comprehensive business co-operation.
After years of development, Fosun Wealth has established a good reputation across society for providing quality services through its distinctive competitiveness. Its investment banking business has repeatedly been ranked among the top in terms of issuance and underwriting. Its wealth management business has a self-developed online wealth management platform, the “Fosun Wealth” App, which has been highly successful in helping investors invest around the globe while attracting new customers year after year. In addition, the company has also been recognized by professional organizations and won a number of remarkable awards, including the “Most Potential Securities Broker (Hong Kong) 2021” and “Fastest Growing Wealth Management Hong Kong 2022” from the international business magazine World Business Outlook; “Most Client-Centric Wealth Management Company in Hong Kong 2022” from the Global Economics; and “Best Hong Kong & Internet Investment Bank” from Sina Finance.
New Name, New Journey, Scaling New Heights
Cheng Kang, CEO of Fosun Wealth, said at the renaming and unveiling ceremony: “Over the past three years, Fosun Wealth has been optimizing its strategic direction and restructuring its business. Fosun Wealth Group is committed to further utilizing Fosun International’s resources and networks to create a well-coordinated ecosystem and play a key role in Fosun International’s wealth segment. Fosun Wealth will also continue to focus its efforts on big wealth strategies. Driven by technological innovation, we are committed to building a Hong Kong-based digital and intelligent global wealth management platform which provides customers with high-quality financial products and services.”
Mr. Wilson Jin, Chairman of Fosun Wealth (third right), Mr. Ken Cheng, CEO of Fosun Wealth (third left), Mr. Hua Cai, COO of Fosun Wealth (second left), Mr. Winston Ye, CIO of Fosun Wealth (first left), Ms. Melody Wang, CHO of Fosun Wealth (second right), Ms. Jane Yin, Assistant President of Fosun Wealth (first right).
About Fosun Wealth
Fosun Wealth International Holdings Limited is a prominent integrated financial technology services platform and investment entity of Fosun International in Hong Kong, offering high-quality and uniquely competitive financial products and services to both Fosun International and external customers. Fosun Wealth International Holdings Limited is currently holding three SFC licensed corporations, including Fosun International Securities Limited, Fosun International Asset Management Limited and Fosun International Capital Limited (hereinafter referred to as the “Fosun Wealth” or “Fosun Wealth Group”), its current business includes investment banking, securities dealing (Hong Kong stock, US stock and Shanghai-Hong Kong Stock Connect), bond financing, leverage financing, asset management (global bonds and funds), wealth management, institutional sales, etc., providing global customers with tailor-made financial solutions and comprehensive business co-operation.
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