Guo reappearance fails to disperse Fosun cloud

Guo Guangchang, chairman of China’s biggest privately owned conglomerate, made his first public appearance after being held for four days by the authorities.

Guo Guangchang, the chairman of Fosun Group, made his first public appearance on Monday after being held for four days as part of a Chinese investigation but did little to assuage investor concerns as share trading resumed.

Guo, 48, the billionaire co-founder and chairman of China’s biggest privately owned conglomerate, turned up briefly on stage to deliver a speech at Fosun’s annual work conference.

Greeted by warm applause, he told staff about the group’s development strategies and about “being rooted in China” while investing globally without mentioning the investigation, according to two company employees who attended the event.

Guo’s reappearance...

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