Value Partners' subsidiary and Forbes, the media and business group, are joining hands to develop financial products.

Hong Hong-headquartered Value Partners’ subsidiary has agreed to kick off talks for a global strategic partnership with a unit of Forbes Global Media Holdings, with a view to developing financial products with the Forbes brand and tapping further into Asia’s growth potential.

Value Partners’ subsidiary has signed the memorandum of understanding with Forbes through its subsidiary, Forbes Global Capital Limited.

Under the partnership, Value Partners will be the investment manager of such products, while Forbes may provide distribution support in markets where it operates and has relevant local licenses. 

The deal comes in the same year that Forbes celebrates its 100th anniversary. 

In recent years, Value Partners has widened its global network, such as opening a Singapore office in 2014 and a London office in 2016.