Fosun International Limited (Fosun International) recently sold its Fosun International Financial Center located in the central business district of Jinan. The move is seen by outsiders as a way for Fosun International to alleviate liquidity pressure, especially after the company incurred a loss of 23.4 billion yuan in 2025.
According to a report from “Viewing East China,” a media outlet under the China Real Estate News Agency on April 29, the Fosun International Financial Center, which is situated in the core area of Jinan’s central business district, was sold to Zhongwei Life Insurance Co., Ltd. The project has a total height of 260 meters, encompassing 53 floors, with a total construction area of approximately 126,000 square meters.
Industry observers quoted in the report stated that the primary value of selling the Fosun International Financial Center lies in obtaining immediate capital injection to alleviate short-term liquidity pressures, signifying a dual purpose of “stopping the bleeding” and potentially restoring financial health for Fosun International.
However, some individuals pointed out that while divesting from unfinished real estate projects could lower future capital input pressures, exiting landmark projects also means foregoing long-term returns that could be generated once these projects mature, indirectly reflecting the heavy debt pressure faced by Fosun International.
The “2025 Annual Report” released by Fosun International on April 28 revealed that during the reporting period, the group’s total revenue reached 173.4 billion yuan, a year-on-year decrease of 18.72 billion yuan, approximately 9.7%. This decline was mainly attributed to the impact of the industry downturn on Yuyuan Co., Ltd., leading to a revenue decline of around 22.5% year-on-year. Additionally, in 2025, the net loss attributable to the parent company’s shareholders amounted to 23.4 billion yuan.
Apart from substantial losses, Fosun International also faces significant debt pressure. Prior to 2022, the debt at the Fosun Group level stood at 120 billion yuan. Starting in 2022, Fosun began implementing a “streamlining and strengthening” strategy, selling non-core assets to recover funds and reduce liabilities. By the end of 2025, Fosun had accumulated approximately 80 billion yuan through asset sales.
As 2026 unfolds, Fosun International is accelerating the disposal of its assets. Reports indicate that Yuyuan Co., Ltd. under Fosun International sold 100% equity and debt rights of the Ningbo Xingjian Lanting Health and Wellness project for 150 million yuan, while the World City living vitality project in the core area of Pudong, Shanghai, is being listed for transfer at a price of 2.2 billion yuan. The Fosun International Financial Center in Jinan’s central business district was sold to Zhongwei Life Insurance. Additionally, Fosun Technology Park is planning to sell for no more than 1.256 billion yuan. Market rumors suggest that Fosun is gradually selling office space in the Shanghai Bund Financial Center, with a major telecommunications technology company completing transactions exceeding 6000 square meters at a price of over 130,000 yuan per square meter. The standalone office building at Fosun Center in the prime location of Shanghai Xuhui Binjiang is also seeking buyers in the market.
Public records show that Fosun International Limited was established in 1992 and is an innovative global family consumer industry group headquartered in Shanghai. In 2007, it was listed on the Main Board of the Hong Kong Stock Exchange. The company focuses on four main business sectors: health, happiness, wealth, and smart manufacturing, operating well-known enterprises such as Fosun Pharma, Yuyuan Co., Ltd., and Fosun Tourism & Culture. The founder is Guo Guangchang.
There have been long-standing rumors in the public domain suggesting that Guo Guangchang is one of the white gloves of top Chinese Communist Party officials. Dr. Li Hengqing, a Chinese-American economist, previously expressed to Epoch Times that the Fosun system deals with financial assets rather than operations and heavily relies on massive debts. Guo Guangchang is closely associated with the Jiang family and the “Shanghai clique,” according to reports.