Conglomerate says it is capable of managing assets worth $150b

NEW YORK / BEIJING - One of the largest Chinese private conglomerates, Shanghai Fosun High Technology (Group) Co Ltd (Fosun Group), is capable of managing assets of more than 1 trillion yuan ($150 billion) with its private equity platforms, said a top company official.

The company will also look for more investment opportunities overseas, as part of its efforts to further global expansion, said Guo Guangchang, chairman of Fosun.