Key Takeaways: Fosun International’s total debt-to-capitalization ratio stood at 50.4% at the end of last year, down 2.9 percentage points from the previous year The company recently announced the sale of most of its stake in Belgian insurer Ageas, and has raised 57.3 billion yuan from similar asset sales over the past two years
Fosun Group founder Guo Guangchang says China’s private firms have suffered from high debt and heavy asset loads, while Juneyao Group chairman Wang Junjin says entrepreneurs should ‘refuse lying flat’.
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