Fosun sets sights on high-quality global investments

Fosun International, one of China's most acquisitive conglomerates, is betting big on cementing its role as a "global value investor" in a more progressive and sophisticated manner, in a sign of its determination to bolster the country's vision to develop the next growth engine.

China's outbound investment drive first started as a need for raw materials and energy to ensure its old growth model functioning effectively.

Today, domestic purchasers have their eyes trained on brands, expertise and cutting-edge technology that China needs in order to refocus from an export-driven, investment-intensive economy to a consumption-led, innovation-fueled new growth model.