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...“[Fosun] and its subsidiaries have established partnerships with more than 100 Chinese and foreign banks around the world and have signed strategic co-operation agreements with many international banks and...
...party’s five-yearly congress last month, where he was confirmed as the country’s most powerful leader since Mao Zedong....
...Co-founder and chairman Guo Guangchang styles himself as the “Warren Buffett of China”, writes Tom Hancock....
...Fosun, which Guo founded with three college friends when he was just 17, is in the vanguard of China’s dynamic private companies, boasting international acquisitions from tourism group Club Med to Canada...
...“Guo Guangchang is one of China’s most respected entrepreneurs and the most active Chinese entrepreneur on the international circuit.”...
...The most expensive work in the sale is Cai Guo-Qiang’s “Escalator: Explosion Project for Centre Pompidou” (2003) estimated at HK$9m-HK$15m, US$1.2m-US$1.9m....
...Fosun, the group he co-founded with three university friends in 1992, is the largest private conglomerate in China....
...Additional reporting by Owen Guo...
...Like many Chinese entrepreneurs, his path changed because of Deng Xiaoping, the former leader who launched economic reforms after the death of Mao Zedong....
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