Chinese conglomerate Zhejiang Zhongnan has joined HNA Group and China Post Global in acquiring a foreign fund house, as more mainland groups seek a foothold in asset management.

Chinese conglomerate Zhejiang Zhongnan has joined HNA Group and China Post Global in acquiring a foreign fund house, as more mainland groups seek a foothold in asset management.
Value Partners’ stock price jumped 8.6% before suspension on Monday amid reports that China’s HNA Group is looking to buy a stake in the firm.
Part of the Mark Allen Group.