FOSUN TIMES 2014.2.28 Dialogue / Special04

Extracts from the Globalization Forum

■On 23 January, “Coherence & Integration” -- 2014 Fosun Global Annual Conference was held in Shanghai. The conference focused on the strategic positioning of establishing Fosun as a global leading investment group with a focus on China’s growth momentum. With “Coherence & Integration” as the theme, we aim at achieving “cross-platform investment, integrated operation and management, seamlessly connection and wisdom accumulation”.

As a yearly brainstorming event of Fosun, this year the Conference invited Zhou Yunjie, Rotating President of Haier, Zheng Zhihao, Vice President of Tencent, Wu Shixiong, Chairman of Ping An Financial Technology to deliver speeches on specific topics. Overseas guests including Jorge Manuel Baptista Magalhaes Correia, CEO of Fidelidade of Portugal, Ziv Karni, Ph.D., CEO of Alma Lasers of Israel, Bernd Beetz, Chairman of St. John of US, Umberto Angeloni, CEO cum founder of Caruso of Italy, Dato Steven Sim, Chairman of Secret Recipe of Malaysia, Henri Giscard D’Estaring, CEO of Club Med of France, George Koutsolioutsos, CEO of Folli Follie Group, Alan Leibman, CEO of Kerzner of Greece, Roberta Lipson, CEO of Chindex and Chairman of United Family Healthcare, flew to Shanghai to attend the

Mark Grier (Vice C h a i r m a n o f Prudential Financial, Inc.):Fosun and Prudential s tar ted a ser ies of coopera t ion s ince 2011 – investment fund and insurance company etc. In January 2014, in Shanghai, we announced a joint venture project in real estate. The purpose of this project is to f u r t h e r c a r r y o u t development in some cities in China. At the same t ime we will jointly explore the cooperat ion in retirement. Prudential also decided to move the headquarters of China to BFC in the Bund in 2016. I am very proud of our r e l a t i o n s h i p w i t h Fosun. I want to thank Chairman Guo, CEO Liang, President Wang for the commitment on the relationship b e t w e e n o u r t w o companies, and I also have to thank them for the great support they have given to o u r b u s i n e s s . We need to advance the

■ Foreword: Fosun Annual Conference invited a group of senior management of some international companies to join the discussion in the globalization forum hosted by Patrick Zhong, Senior Assistant to President of Fosun. The followings are the extracts of some great contents that we would like to share with you.

2014 Fosun Global Annual Conference was held in Shanghai on 23 January. Guo Guangchang, Liang Xinjun and Wang Qunbin made their respective annual sharing. Zhou Yunjie, Rotating President of Haier, Zheng Zhihao, Vice President of Tencent, Wu Shixiong, Chairman of Ping An Financial Technology were invited to deliver speeches, more than 650 managers and special guests attended.

conference. Over 650 managers from Fosun’s head office and the person-in-charge of the investees spanning across the pharmaceutical & Healthcare, property, iron and steel, mining, retail, cultural sector, finance and insurance, asset management attended the conference.

Guo Guangchang, Chairman of Fosun expressed that in the future, Fosun would position itself to “become a premium insurance-oriented investment group with comprehensive financial capabilities and a focus on China's growth momentum”. Bearing this positioning in mind, Guo Guangchang emphasized the importance of the rapidly developing of human resources of Fosun. He hoped that Fosun can develop a team of entrepreneurs with exploration spirit, and hoped that internally Fosun can nurture staff with entrepreneurial spirit, and hoped to offer more room for young people.

Through various forum discussions including group strategies and analysis, globalization, mobile internet, comprehensive financial capabilities, hive city and integration, a new round of development mentality for Fosun will be streamlined, and these will jointly drive Fosun to become a vital entity with sustaining growth.

And please find more information of the discussion of Fosun’s globalization in the article below.■

cooperation in the past to a higher level in the future. In this way we can go further with Fosun group on the road of globalization, a n d o b t a i n b e t t e r results in the world.

Z i v K a r n i , P h . D (CEO of Alma of Israel): Alma is an Israel i company, it is a beauty product equipment company, a company of a real entrepreneur.

A l m a w a s s e t up around 12 years ago, s tar t ing from scratch. We started w i t h a r e l a t i v e l y small company, now we have businesses around the world with plenty employees in the company. Israel is a land very suitable for setting up a business. In this country, there is not much natural resources and there is only a few million of population, so we have to develop technology. I must mention that the Israeli government has provided a lot of support to start-u p s i n p a r t i c u l a r,

w e c a l l t h i s a n “incubator”. Talking about “incubator”, the government gives land and a small amount of capital to start-ups to let them develop business. This is a very successful model.

The business of our company covers 64 countries in the world, Alma in China is a very strong medical beauty care product company. Through o u r c o o p e r a t i o n with Fosun, we have achieved a win-win situation. In the future we will have more cooperation with the related sectors under Fosun.

J o r g e M a n u e l Baptista Magalhaes C o r r e i a ( C E O o f F i d e l i d a d e o f Portugal): First, I am honoured to be a member of t h e b i g f a m i l y o f Fosun. The goal of our company is to become a major insurance group in the world. Yo u r m e r g e r a n d acquisition plan is a very good decision. Of

course, this is not only from my angle, at the same time I think that this decision is a long term commitment . T h i s a c q u i s i t i o n proposal is regarded as a commitment to the largest insurance company in Spain under our bank.

Our g roup , th i s company under us, is now experiencing t r a n s i t i o n , w i t h Fosun joining in, the transition of our group will be smoother. The last point is that the insurance company o f F ide l idade can m a k e u p f o r t h e w e a k n e s s o f o n e another with Fosun in certain aspects . T h e t w o g r o u p s have strong mutual c o m p l e m e n t a r y values.

J i a n g M i n g (President of Yong’an P&C Insurance): How does Yong’an P&C Insurance think of globalization?Actually insurance business itself is open, it is a globalized business. Talking from the angle

of routine operation and management, the most obvious domain is our re-insurance business.

F o r Y o n g ’ a n , w e n e e d t o t a k e t h e g l o b a l i z a t i o n p e r s p e c t i v e , proactively diversify r i sks and take the r isks that we have under taken in our business to the world, to the international companies. Yong’an n e e d s t o m a k e u s e o f t h i s g o o d opportunity to think over the globalization i s s u e . L a t e r w i t h the power of Fosun group, Yong’an may, from the mindset of globalization, try to nur tu re two types of ta lents , that is , i n t e r n a t i o n a l a n d domestic talents.

Dato Steven Sim( Chairman of Secret Recipe Group): As for Secret Recipe G r o u p , r e g a r d i n g globalization, I have to emphasize one very important element, w h i c h i s b r a n d . Talking about brand, I

believe it represents an extremely important c o m p o n e n t i n t h e market, it is the same for any market in the world. In Malaysia, i f w e t a l k a b o u t patisserie, people will think of Secret Recipe. I f w e t a l k a b o u t hamburger, people will think of McDonald, if we talk about coffee, people will talk of S t a rbucks . Sec re t Recipe started to enter China 6 years ago, also want to infuse our brand identity into the hearts of Chinese consumers, we are working towards this direction.

Umberto Angeloni (founder of Caruso): We work with Fosun because Fosun cares not jus t the quick money, quick cash. Fosun also represents entrepreneurial spirit as we do. We have c o m m o n v a l u e s , recogni t ion in the areas of sustainability, transparency. For me this is very important, w e n e e d v i s i o n s . Vision is a long term

concept, representing our changes, gradual development. This coincides with our values. Fosun meets w i th my p rev ious expectation.

B e r n d B e e t z (Chairman of St . John): Talk ing abou t the investment of Fosun group in St . John, I think two points have convinced me, f i r s t I w a n t v e r y much to work with Fosun. Second this can g l o b a l i z e t h e b r a n d , S t . J o h n , we have the same judgment, also the same culture between us, this is what we h a v e i n c o m m o n . At that time before the deal, we learnt more about Fosun, a v e r y i m p o r t a n t p o i n t , y o u g r o u p would provide us a very good framework for us to carry out development. In the future we will create some new brands , or we wil l fur ther optimize the existing brands.