Taiwan’s Fubon Injects $20M In Fosun’s Outbound Fund

Taiwan-based Fubon Financial Holdings has committed US$20 million to Fosun International‘s outbound investment fund, according to media reports.

After the completion of the deal, Fubon Financial will hold 3.81% of the fund, which seeks to invest in overseas companies that wish to expand in the Chinese markets.

Fosun’s outbound fund has a fundraising target of US$1 billion, and has raised US$525 million as of last September.

Founded in 2001, Fubon Financial operates subsidiaries including Taipei Fubon Bank, Fubon Bank (Hong Kong), Fubon Life, Fubon Insurance and Fubon Securities. With total assets of US$151.5 billion as of December 2013, the company is the second largest listed financial holding company in Taiwan.

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