Separately, China-based Penghua Fund Management and CCB Principal Asset Management are planning to establish subsidiaries in Hong Kong.
![](https://s34456.pcdn.co/wp-content/uploads/2019/09/GettyImages-510873966-640x360.jpg.optimal.jpg)
Separately, China-based Penghua Fund Management and CCB Principal Asset Management are planning to establish subsidiaries in Hong Kong.
Part of the Mark Allen Group.