The property arm of Fosun International, the Chinese conglomerate, has opened offices in more than a dozen cities around the world as it looks to link up with Chinese groups wanting to invest in global real estate.
Alex Gong, president of Fosun Property Holdings, said he did not believe that Chinese government restrictions on capital outflows would impede its partnership plans in the long term, though he did acknowledge that the curbs were “making a difference right now”.
Speaking to the Financial Times as he attended Europe’s main real estate conference, Mipim, for the first time, Mr Gong said Fosun aimed to build an “investor network” of Chinese banks, insurance companies, wealthy individuals and family offices seeking to diversify into global property.