People familiar with the matter revealed that China official has notified China's largest banks and state -owned enterprises, asking them to investigate the financial risk exposure to Fosun, one of China's largest non -state -owned enterprises.
According to Bloomberg, a person who is not known is not known, and the financial regulatory agency, including the China Banking Regulatory Commission, requires that financial institutions such as banks to closely review the risk exposure to Fosun.Two of the people familiar with the matter said that the China Banking and Insurance Regulatory Commission recently requested commercial banks to inspect the potential risks of issuing debts to Fosun, while investigating the potential liquidity risks of Fosun; the Beijing State -owned Assets Supervision and Administration Commission also requires local state -owned enterprises to provide FosunThe group's contact details include shares, debt borrowing and any guarantee.
A person familiar with the matter adds that this move of the China Banking and Insurance Regulatory Commission does not mean that the official bank will change the financing plan for Fosun, including the non -repayment loan;It is also just to check and understand the risks facing enterprises. At present, there is no plan to restrict state -owned enterprises and Fosun transactions.
The China Banking Regulatory Commission did not reply to the request.The Beijing State -owned Assets Supervision and Administration Commission did not respond to the phone call.
A representative of Fosun Group said in a statement to Bloomberg that the company did not receive any official notifications on these requirements, and then the company's inquiries on the Beijing State SASIt is part of the official investigation. Fosun Group is not the first company to involve such investigations, and emphasizes that the group's business is still healthy and can resist challenges.
Although the above -mentioned actions of China's regulatory agencies do not mean that they will take any actions, these measures still reflect investors' concerns about Fosun Group's business situation in the near future.Fosun Group was co -founded by Guo Guangchang, Liang Xinjun, Wang Qunbin and Fan Wei in 1992. It was one of the most active overseas acquisition companies in China.Fosun was one of the enterprises reviewed overseas loans in China in 2017.In 2018, the People's Bank of China identified Fosun International, China Evergrande Group and HNA Group as "Financial Holdings Company".
However, in recent months, as the tide of Chinese borrowers' breach of contract has reached a record level, the company's stock price and US dollar bonds have fallen sharply.Fosun Group also announced in early September that it will reduce the equity of the company's tourism and pharmaceutical listing departments.
Moody's Investors Service, the International Credit Institution, also lowered the Fosun Group's rating last month.EssenceAccording to the Bloomberg Index, the US dollar bonds guaranteed by Fosun Group have been one of China's worst high -yield bonds in the past three months.
