No, the two companies have the right to bear legal responsibilities independently. Guangfa Fund was established on August 5, 2003 and headquartered in Guangzhou. It is one of the comprehensive fund companies in China. It owns a wholly-owned subsidiary, Guangfa International Asset Management Co., Ltd., a wholly-owned secondary subsidiary, Guangfa International Asset Management (UK) Co., Ltd. and Ruiyuan Capital Management Co., Ltd. ..

Established in September, 1988 and headquartered in Guangzhou, China guangfa bank is one of the earliest joint-stock commercial banks in China, which has not been listed on the stock exchange.