Fosun Int'l jumps most in 6 months on hope of strengthening ties with China's SASAC

Fosun Tourism

15/09/2022 08:43

** Shares of Chinese conglomerate Fosun International
 0656.HK  jump as much as 9.6% to HK$5, the biggest daily pct
rise since March 17 if gains hold
    ** Stock is the biggest pct gainer in Hang Seng Composite
Index on conglomerates  .HSCIC  and fourth biggest pct gainer in
Hang Seng Composite Index  .HSCI  
     ** Fosun International said on Wednesday that media reports
saying Chinese regulators have told the country's biggest banks
to start a round of checks on their financial exposure to the
Chinese conglomerate were false and it had sought confirmation
from regulators through multiple channels  urn:newsml:reuters.com:*:nL1N30L04M
    ** Meanwhile, Fosun International says https://www.fosun.com/content/details74_7034.html
 on its website that its vice president had met officials from
State-owned Assets Supervision and Administration Commission
(SASAC) in Beijing, discussing on their long cooperation in
medicine and health, consumption, technology and finance, and to
strengthen cooperation in future    
    ** The Hang Seng Composite Index on conglomerates  .HSCIC 
and the Hang Seng Composite Index  .HSCI  both climb 0.3%, while
the Hang Seng Index  .HSI  gains 0.4%
    ** As of last close, stock of Fosun International had
dropped 45.8% this year

 (Reporting by Donny Kwok; Editing by Christopher Cushing)
 ((donny.kwok@thomsonreuters.com))