'Going global' needs govt support

The government should provide more support for Chinese enterprises that are going global, the top executive of a leading private conglomerate said on Monday.

Liang Xinjun, chief executive officer of Fosun Group, said the overall outlook for outbound direct investment from China is still bright, with the number of deals being made by Chinese companies rising in tandem with the growth in overseas consumption. Financial enterprises should use this opportunity and spread their wings further, Liang said at the Shanghai Forum, which ended on Monday.

Urging the government to lend more support to the overseas financial bodies owned by Chinese companies, Liang said it would help bring in more investment for projects that can improve people's livelihood and help in infrastructure construction.