Seapower Resources International has sold its asset management and corporate finance business to executive director Zhang Liping as part of a restructuring plan to focus on its retail financial business. Seapower Resources is the holding company of Seapower Financial Services Group which provides services in securities and futures trading, asset management and corporate finance. Mr Zhang is the chairman of Seapower Financial Services Group and an executive director of Seapower International Holdings and Seapower Resources International. He has resigned from all these positions after the purchase. 'As part of its [Seapower Resources] restructuring plan in response to the recent changes in the financial markets, Seapower decided to refocus on its retail financial services operations,' Seapower Resources chairman Choi Sai-leung said. 'After the sale, Seapower will focus on its retail financial services operation and further develop its branch network.' Mr Zhang said he would like to work closely with Seapower Financial Services Group in the future. 'It has always been my dream to build a financial powerhouse in Asia. The current situation in the financial market offers a unique opportunity to realise this dream.' He said the asset management and corporate finance teams had already developed an extensive client network, especially in the mainland market. 'This provides an ideal platform for capturing new opportunities and furthering business development,' he said.