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Fosun not under investigation by Beijing, chief says

Fosun International, the aggressive Chinese conglomerate that owns Club Med and Cirque du Soleil, reassured investors on Thursday that it was in good standing with regulators in China following a clampdown on private overseas dealmaking this year.

The company has complied with all regulations in China and overseas and has never been under investigation by authorities in China, chief executive Wang Qunbin told media.

However, Mr Wang said regulators were monitoring some corporations with close ties to the financial sector.

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