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Currently, we are also talking to a few companies, but I can't comment on any potential deals and projects at this stage." After a record year for outbound mergers and acquisitions by Chinese companies in 2016, Beijing has placed curbs on capital outflows to reduce pressure on the yuan currency, which fell to eight-year lows in December. That won't present a hurdle to Fosun's growth ambitions, according to Qian. "Fosun, as a global enterprise, won't be affected by such restrictions because we have enough offshore capital to conduct M&A deals overseas," he said. "If it's an overseas target, we will definitely use our offshore platform to acquire it. We have units incorporated abroad and at home." Asked about a timeline for a listing, Qian said none had been set for Fosun Tourism. But Fosun <0656.HK>, controlled by billionaire co-founder Guo Guangchang, encourages its different units "to go public at an appropriate time", he said. Tourism is key to China's shift toward a more consumer-driven economic growth, with companies including Fosun, Dalian Wanda Group Co and HNA Group increasing their bets on the sector.
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