Harvest Fund Management
Corporate brand
UnclaimedA Chinese asset-management company providing public-fund, institutional, retirement, and cross-border investment services.
Last updated October 9, 2026
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Overview
Harvest Fund Management, commonly known as Harvest Fund or HFM and called 嘉实基金 in Chinese, is a Chinese asset-management company headquartered in Beijing. It was established in March 1999 after receiving approval from the China Securities Regulatory Commission, placing it among the earlier generation of Chinese fund-management companies created as the country's investment-fund industry developed. The firm invests primarily in Chinese public equity and fixed-income markets and provides asset-management and retirement-management services to a range of institutional and individual investors. Its business scope has included publicly offered mutual funds, segregated-account and institutional mandates, pension and retirement management, and investment solutions for insurance companies, enterprises, and pension or profit-sharing plans. This combination gives Harvest exposure to both retail fund distribution and institutional asset management. The company is privately owned rather than a publicly listed operating company, and the Wikipedia account identifies China Credit Trust Co., Ltd., Lixin Investment Co., Ltd., and Deutsche Bank AG among its shareholders. Harvest's development has also included an international expansion dimension. Harvest Global Investments established a wholly owned subsidiary in London, Harvest Global Investments (UK) Ltd, making London an overseas base for a Chinese-parent fund company. In 2012, Harvest became the first China-based asset manager described in the reference material to establish a joint venture with a United States partner, creating Harvest USA. Harvest USA was intended to distribute Harvest mutual funds in North America; its first cited U.S. product was Harvest Funds Intermediate Bond, launched in February 2013. The firm's cross-border capabilities were also visible in the exchange-traded-fund market. In November 2013, Deutsche Asset & Wealth Management launched the db X-trackers Harvest CSI 300 China A-Shares Fund, known by the New York Stock Exchange ticker ASHR. The product used Harvest's quota under China's then-applicable Renminbi Qualified Foreign Institutional Investor framework to give overseas investors access to mainland China A-shares. This arrangement connected Harvest's domestic investment capacity with an internationally distributed listed fund. Harvest has additionally been associated with BHR Partners, an investment platform established in 2013. The reference material describes Harvest and Bohai Industrial Investment Fund Management Co. as each holding 30 percent, with the remaining interest held through two U.S. firms. BHR's investments included Sinopec Marketing Corporation, Henniges Automotive, China General Nuclear, 3Bio Inc., Didi Taxi, and a minority interest in the Tenke Fungurume Mining project in the Democratic Republic of the Congo. These activities belong to an affiliated private-investment platform rather than representing the full scope of Harvest's core mutual-fund business. Overall, Harvest is positioned as a diversified Chinese investment manager with domestic public-market capabilities, institutional and retirement mandates, and selected international distribution and investment activities. Publicly available reference material does not provide a sufficiently current figure for assets under management, a complete current executive roster, or a definitive statement of present-day ownership beyond the shareholders identified above.
History
Harvest Fund Management was founded in March 1999 following approval by the China Securities Regulatory Commission. Its creation occurred during the formative period of China's regulated fund-management industry, when domestic investment managers were being established to manage publicly offered funds and institutional capital. The company is headquartered in Beijing and is described as a privately owned investment manager. The firm's core activities have centered on investment management in China's public equity and fixed-income markets. Its client and product scope has included pension and retirement plans, profit-sharing plans, insurance companies, enterprises, and public-fund investors. In addition to public mutual funds, Harvest has provided segregated-account management and other institutional mandates. The business therefore spans both pooled investment products and customized institutional arrangements. The reference material identifies China Credit Trust Co., Ltd., Lixin Investment Co., Ltd., and Deutsche Bank AG among Harvest's shareholders. It does not establish a complete current ownership table or identify a single founding individual. Harvest is not described as a listed company, and no ticker is provided for the management company itself. Harvest later pursued international expansion through affiliated entities and distribution partnerships. Harvest Global Investments established Harvest Global Investments (UK) Ltd in London as a wholly owned subsidiary, making London an overseas base for the Chinese-parent investment group. In 2012, Harvest formed Harvest USA with a U.S. partner. The joint venture was intended to distribute Harvest mutual funds in North America, and its first cited American product, Harvest Funds Intermediate Bond, was launched on February 27, 2013. Another important cross-border development involved the exchange-traded-fund market. In November 2013, Deutsche Asset & Wealth Management launched the db X-trackers Harvest CSI 300 China A-Shares Fund, traded under the symbol ASHR on the New York Stock Exchange. The fund used Harvest's RQFII quota to provide international investors with access to mainland Chinese A-shares. This arrangement demonstrated how Harvest's domestic investment capacity could be incorporated into products distributed by an international financial institution. Harvest also participated in the creation of BHR Partners in 2013. BHR was structured as a private-investment firm rather than as a conventional public mutual-fund product. The reference material attributes 30 percent stakes to Harvest and Bohai Industrial Investment Fund Management Co., with the balance held through Rosemont Seneca and Thornton Group. BHR subsequently made investments connected with Sinopec Marketing Corporation, Henniges Automotive, China General Nuclear, 3Bio Inc., Didi Taxi, and Tenke Fungurume Mining. These transactions expanded the range of activities associated with the Harvest name beyond public-market fund management, although they should be distinguished from Harvest's primary asset-management operations. The supplied sources do not provide a reliable current account of Harvest's assets under management, product-level performance, executive leadership, or recent corporate developments. Its documented profile is consequently that of a Beijing-based, privately owned Chinese investment manager with public-fund, institutional, retirement, and selected international capabilities.
- 2016
BHR acquires Tenke Fungurume Mining interest
[1]BHR Partners acquired a minority interest in the Tenke Fungurume Mining project in the Democratic Republic of the Congo.
- 2013
First cited U.S. fund product launched
[1]Harvest USA launched Harvest Funds Intermediate Bond in the United States on February 27, 2013.
- 2013
ASHR ETF launched
[1]Deutsche Asset & Wealth Management launched the db X-trackers Harvest CSI 300 China A-Shares Fund on the NYSE using Harvest's RQFII quota.
- 2013
BHR Partners established
[1]Harvest participated in the formation of BHR Partners, an affiliated private-investment platform.
- 2012
Harvest USA joint venture formed
[1]Harvest created a U.S. joint venture intended to distribute Harvest mutual funds in North America.
- 1999
Company established after CSRC approval
[1]Harvest Fund Management was founded in March 1999 following approval from the China Securities Regulatory Commission.
Products and positioning
A diversified Chinese asset manager combining public-fund investment, institutional mandates, retirement management, and selected cross-border distribution capabilities.
Public funds
Public mutual funds
Harvest's public-fund business covers pooled investment vehicles for investors seeking exposure to Chinese equities, fixed income, and other permitted asset classes. The supplied material identifies public funds as a central part of the company's asset-management activities but does not provide a complete current fund catalogue.
Fixed-income mutual fund · 2013
Harvest Funds Intermediate Bond
Harvest Funds Intermediate Bond was identified as Harvest USA's first product in the United States. It was launched on February 27, 2013, as part of the North American distribution initiative. The supplied reference does not provide current assets, performance, fees, or present availability.
Exchange-traded fund · 2013
db X-trackers Harvest CSI 300 China A-Shares Fund
This exchange-traded fund, known by the NYSE ticker ASHR, was launched by Deutsche Asset & Wealth Management in November 2013. It was designed to give overseas investors access to mainland Chinese A-shares and used Harvest's RQFII quota as part of its investment structure.
Hybrid mutual fund
Harvest Growth Hybrid Fund
The existing dossier identifies Harvest Growth Hybrid Fund as a flagship offering. The supplied sources do not provide enough detail to verify its launch date, strategy, assets, performance, or current status.
Exchange-traded fund
Harvest CSI 300 ETF
The existing dossier identifies a Harvest CSI 300 ETF as a flagship offering. The available reference material does not provide a sufficiently detailed product record, including launch date, listing venue, or current status.
Controversies
2024
Chairman Zhao Xuejun investigated over personal matters and resigns
In August 2024, Harvest Fund announced that Chairman Zhao Xuejun was cooperating with an investigation by relevant authorities over personal matters and resigned as chairman. The company said the investigation was unrelated to its fund business; the cited announcement did not disclose a criminal conviction, and it cannot be used to conclude that fund assets were misappropriated.
Brand decisions
2013
Support international access to China A-shares through ASHRProduct launchBackground
International investors faced regulatory and market-access constraints when seeking exposure to mainland Chinese equities.
Action taken
Harvest provided its RQFII quota for the db X-trackers Harvest CSI 300 China A-Shares Fund launched by Deutsche Asset & Wealth Management.
Aftermath
The NYSE-listed ETF offered an externally distributed route into mainland Chinese A-shares.
2013
Participate in BHR PartnersStrategyBackground
Harvest expanded its associated investment activities beyond public funds and conventional asset-management mandates.
Action taken
Harvest participated in establishing BHR Partners, a private-investment platform with Chinese and U.S. shareholders.
Aftermath
BHR pursued investments in sectors including energy, automotive, technology, transport, and mining.
2012
Expand into North American fund distributionStrategyBackground
Harvest sought to extend the international reach of its investment products beyond its domestic Chinese business.
Action taken
It formed Harvest USA with a U.S. partner and assigned the venture a North American distribution role.
Aftermath
Harvest USA launched Harvest Funds Intermediate Bond in 2013, providing a documented first product for the U.S. initiative.
Recent events
Sources7 sources
- 1Harvest Fund Management - Wikipediaen.wikipedia.org
- 2Harvest Fund Management official websitejsfund.cn
- 3嘉实基金管理有限公司关于嘉实稳裕混合产品风险评级变动的通知jsfund.cn
- 4认识嘉实 - 嘉实基金管理有限公司jsfund.cn
- 5嘉实基金管理有限公司关于提醒投资者谨防电信网络诈骗、金融诈骗的风险提示jsfund.cn
- 6Chairman Zhao Xuejun investigated over personal matters and resignsyicai.com
- 7嘉实基金斩获三项金基金大奖finance.sina.com.cn
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