Volume No.12 | 11/30/2017
Fosun News
2017 Bund Global Financial Summit Starts a New Chapter for Finance

As the 19 th  National Congress of the Communist Party of China reached a successful conclusion, the 2017 5 th  Bund Global Financial Summit, organized by Fosun Group, was held in Shanghai Wanda Reign Hotel at the Bund Finance Center (BFC) on November 20th. 

InsurTech Conference by Fosun Gains Global Reputation in Its Second Year

On November 21, 2017, Fosun Group convened the 2 nd Global Insurtech Innovation Conference (GIIC) in Shanghai, which has been widely recognized as one of the most influential global events of its kind.

Fosun Family
Fosun’s Invested Company Millennium bcp Signs Agreement with UnionPay International to Be First European Issuer of UnionPay Cards in Europe

Portugal’s leading private bank Millennium bcp and China’s leading national electronic payments clearing system UnionPay signed an agreement on Nov 20 to develop their mutual businesses together through a long-term relationship at the Bund Global Financial Summit in Shanghai.

Club Med Accelerates Its International Growth Strategy

On the eve of the official opening ceremonies by mid-December of its new mountain resorts of Grand Massif Samoëns Morillon in French Alps and Tomamu Hokkaido in Japan, Club Med announces the continuation of its international growth strategy with 4 new destinations in Quebec, Vietnam, Sri Lanka and Seychelles.

Hauck & Aufhäuser Joins 4th European-Chinese Banking Day of 20th Euro Finance Week

To enhance the great relationship between China and Germany, Hauck & Aufhäuser was one of the key partners of the 4th European-Chinese Banking Day during the 20th Euro Finance Week in Frankfurt, Germany, by mid of November.

St. John's New Standard: Dressing the Leaders of the Future

With the recent introduction of The New Standard, women's knitwear brand, St. John, has maintained a fine balance between office-attire and leisure-wear to meet the expectations of contemporary top-management women.

Multicare, the Health Brand of Fidelidade Group, Has a New Online Medicine Service

Multicare, the health brand of Fidelidade Group, has a new Online Medicine service, which reinforce its health innovation strategy and our technology at the service of people. To contribute to improve health, Multicare offers a unique telemedicine service in Portugal that, besides the convenience allows to reduce client’s expenses.

China Insight Out
35 Chinese Cities With Economies as Big as Countries

Gaining perspective on China’s monstrous economy isn’t always the easiest thing to do.
With 1.4 billion people and the third-largest geographical area, the country is a vast place to begin with. Add in explosive economic growth, a market-oriented but Communist government, a longstanding and complex cultural history, and self-inflicted demographic challenges – and understanding China can be even more of a puzzle.

Consumer Barometer
How—and Why—Coach Changed its Name to Tapestry

Coach, the American leather goods company, has been on a buying spree over the last two years, acquiring shoe brand Stuart Weitzman and handbag brand Kate Spade. Recently, it has announced that Coach Inc. would be renamed Tapestry, which would be the holding company for all three brands.

GloCal 2.0
In Q3 Global Fintech Investment Hit $8.2 Billion

KPMG Pulse of Fintech was published and as usual it was packed full of interesting data points regarding the global Fintech industry.
Overall, global Fintech investment remains solid with$8.2 billion invested across 274 deals. Sizable Fintech deals helped to propel this number with the US leading the way.

Fosun Viewpoints
Guo Guangchang: I Devote My Entire Life to Building a Great Enterprise

Thanks again to all the partners and friends for your care and attention. I was “being retired” suddenly and gave a false alarm to you all.

As a matter of fact, I would no longer serve concurrently as the chairman of a subsidiary of Fosun International, a series of similar reasonable adjustments will follow.

Fosun Times is the bi-weekly publication of Fosun Group. Founded in Shanghai, Fosun has a finger on China’s pulse with a extraordinary understanding of global business trends, and the evolving changes of the middle class consumers. Fosun Times features selective business stories in the world’s new economy, glocal competition, the artistic anecdotes from different local market around the world. 
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