Fosun Group's acquisition of related insurance businesses: In 2015, a subsidiary of China Fosun Group acquired an 80% stake in the American insurance company Ironshore. The $1.2 billion funding for this acquisition came from loans from Chinese state-owned banks and was initially financed through corporate operations in the Cayman Islands, without the U.S. side noticing the involvement of Chinese entities at the beginning. Ironshore's Wright USA has long provided professional liability insurance and other coverage for officials and undercover agents of U.S. intelligence agencies such as the CIA and FBI, covering potential legal expenses and claims arising from their work.