(Yicai Global) Sept. 27 -- Value Partners Group Ltd. [HKG:0806], a Hong Kong-based assets management firm, has set up a strategic cooperation with renowned business magazine publisher Forbes Global Media Holdings Inc. to develop financial products named after the latter.

Value Partners will act as the investment manager of the products, while Forbes will assist in distributing them to qualified available markets, Finet reported on Sept. 27. The assets manager hopes to develop and expand in international markets through Forbes' global partnership network.

Forbes was founded in 1917 by Scottish journalist Bertie Charles Forbes, but is headquartered in New York. It is well-known for providing a range of business rankings, including its global rich list. This year marks the firm's 100-year anniversary. It also held the 17th Forbes Global CEO Conference on Sept. 26 and Sept. 27 in Hong Kong, under the theme 'the future of a new era.'

Value Partners was founded in 1993 and is one of the largest asset management companies in Asia. In recent years, the group has been expanding its global network. It set up offices in Singapore and London in 2014 and 2016, respectively.