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Bond Market News
Fosun’s Bonds Fall Amid Loss Warning; Controlling Shareholders Pledge to Raise Holdings
March 10, 2026
Fosun’s bonds dropped across the curve after the company warned of a prelimiary net loss of RMB 21.5-23.5bn ($3.1-3.4bn) for 2025. In comparison to 2024, this marks a near five-fold worsening in net losses. As per souces, Fosun’s retail property arm Shanghai Yuyuan Tourist Mart Group is said to have accounted for nearly 55% of the losses as its residential projects underperformed. On the back of the above development, Fosun’s controlling shareholders pledged to increase their holdings in the company via open-market purchases, in an effort to allay investor concerns. The company said that the total purchases by its shareholders will not exceed HKD 500mn ($64mn). Separately, Fosun has continued to hive off non-core assets to pay down debt and invest in its key businesses. Fosun’s shares rallied by over 9.5% after having dropped earlier yesterday. Its dollar bonds however continued to trade weaker across the curve.
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