Fosun International

In the period following his 2015 detention, Guo Guangchang indicated publicly that he remained actively engaged in leading Fosun and had not contemplated stepping back from the business, a stance that framed his continued operational involvement.

Guo received a BA in Philosophy and an MBA from Fudan University in 1989, and in 1992 founded Guangxin Technology Development Company with friends Liang Zinjun and Tan Jian, among the first firms in mainland China to use scientific methods in market research.

Since 1994, Guo has served as chairman of Fosun Group, which diversified into insurance, pharmaceuticals and healthcare, property, steel, mining, retail, services, finance, and asset management, growing into one of China's largest non-state-owned enterprises with over 74,000 employees; Fosun International (the group's holding company) listed on the Hong Kong Stock Exchange in 2007.

Fosun pursued an aggressive overseas dealmaking strategy, investing in Club Med of France, insurance company Fidelidade Seguros of Portugal, and Folli Follie of Greece, among others, to capture opportunities linked to China's economic growth.

Fosun's December 2015 disclosure described Guo Guangchang as assisting authorities with an investigation, a characterization that accompanied his brief absence from public view before his return to the company four days later.

Founded and chaired Fosun Group from 1994, diversifying it into a large multi-sector conglomerate and listing its holding company, Fosun International, on the Hong Kong Stock Exchange in 2007.

Fosun International grew into one of China's largest privately held conglomerates, with a market value reported at HK$157.4 billion (approximately US$20.17 billion) as of the November 2017 Reuters report.