Sep 13, 2022 08:04 PM

Fosun Tries to Reassure Investors After Beijing Warns SOEs of Its Risks

What’s new: Fosun International Ltd. has been trying to soothe worried investors and the public after the Beijing municipal government cautioned state-owned enterprises (SOE) about the potential risks of doing business with the private conglomerate.

Fosun’s attempt came in response to a notice that Beijing’s state assets administrator issued to local SOEs on Thursday, asking them to review their agreements with Fosun and determine what risks they face as the company’s stock has nosedived this year, people with knowledge of the matter told Caixin.

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