Chinese conglomerate fosun group's aggressive international acquisitions strategy may hit a speed bump if Beijing extends a probe into the affairs of its billionaire chairman, Guo Guangchang, say bankers and credit analysts. Fosun International, the group's main investment arm, has mainly used debt to amass assets of about US$55bn, ranging from insurance companies to French resort operator Club Med. This put the company's debt-to-equity ratio at 2.1 as of last year, Thomson Reuters data shows, equivalent to six times the industry average, and underscoring Fosun's reliance on external funding for its expansion plans.
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