Fosun International Ltd, China’s largest private conglomerate by revenue, was preparing to set up a$1 billion fund to scour the globe for bargains in an effort to scale up its investment overseas, Liang Xinjun, chief executive officer of the company, told the Financial Times.
According to the shanghai newspaper, Oriental Morning Post, Liang and John Snow, former U.S. Treasury secretary and adviser to the Fosun board, had met and expressed interest to some Middle Eastern sovereign wealth funds in Dubai, Abu Dhabi and Doha this month………………………………………..Full Article: Source