Are Zhongrong and Huarong a family?

No, according to the inquiries of Zhongrong International Trust Co., Ltd. and China Huarong Asset Management Co., Ltd. official website, we can know that Zhongrong Company was founded by Xie Zhikun and Huarong Company was founded by Lai. The two companies have cooperated, so they are not the same. Zhongrong International Trust Co., Ltd., established in 1993, located in Harbin, Heilongjiang Province, is an enterprise mainly engaged in financial industry; China Huarong Asset Management Co., Ltd., established in 1999 and located in Beijing, is an enterprise mainly engaged in the financial industry.