Pictures: New owners Fosun arrive at Wolves
Check out our picture gallery as the era of Fosun International begins with the new owner's formal unveiling at Wolves' Molineux stadium today.
The press conference to formally welcome the Chinese conglomerate on board started at 12pm, after a deal believed to be worth £30m was completed last week.
Shi and outgoing chief executive officer Jez Moxey fielded questions about the deal and the future on a "momentous day" for the club.
Asked how much Fosun would spend on new players, he said the capacity for investment "is huge."
He explained: "Any investment into club will not be problem for us. For players we should think about it the smart way.
"We have said we will invest between £20 and £30m over the next two years. That is a necessity and if necessary we can put more money in.
"The most important thing is getting the right players in the right position to help the club. I do not think money is a problem for us."
