Harvest Fund Management (HFM; ) is a Chinese asset management company that invests in financial services.

History

Harvest was founded in March 1999 upon approval by the

China Securities Regulatory Commission The China Securities Regulatory Commission (CSRC) is a government ministry of the State Council of the People's Republic of China (PRC). It is the main regulator of the securities industry in China. History China's first Securities Law was ...

(CSRC). Currently, Harvest shareholders include China Credit Trust Co., Ltd., Lixin Investment Co., Ltd. and

Deutsche Bank AG Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stoc ...

Harvest Fund Management (HFM)

Harvest Fund Management Co. Ltd. is a privately owned investment manager. The firm provides asset management and retirement management services to pension and profit sharing plans, insurance companies, and enterprises. HFM invests in the public equity and fixed income markets of China. Harvest Fund Management was founded in March 1999 and is based in

Beijing, China } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

Harvest Global Investments (UK) Ltd

Harvest Global Investments (UK) Ltd ("HGIUK") was established in London as a wholly owned subsidiary of Harvest Global Investments with the intention of continuing the expansion of Harvest globally and is the first Chinese-parent fund company to choose London as a base outside of China and Hong Kong.

Harvest USA

In 2012, HFM became the first China-based asset manager to create a joint venture with a US partner, forming Harvest USA. Harvest USA is the exclusive distributor of Harvest mutual funds in

North America North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Car ...

. Harvest USA's first product in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

is the Harvest Funds Intermediate Bond that was launched on 02/27/2013.

U.S. Listed ETFs with Deutsche Bank

Deutsche Asset & Wealth Management launched the db X-trackers Harvest CSI 300 China A-Shares Fund (NYSE ticker: ASHR), on Wednesday 6 November 2013. The exchange-traded fund ( ETF) offers a direct investment opportunity in China's mainland market (A Shares). The fund is able to access the mainland markets via the RQFII system. Deutsche Asset & Wealth Management utilizes Harvest Fund Management's

Qualified Foreign Institutional Investor The Qualified Foreign Institutional Investor () program, one of the first efforts to internationalize the RMB, represents China's effort to allow, on a selective basis, global institutional investors to invest in its RMB denominated capital market ...

quota to provide foreign access.

BHR Partners

BHR Partners is a private investment firm founded in 2013 with Harvest and Bohai Industrial Investment Fund Management Co. each holding 30% shares, and two U.S. firms, Rosemont Seneca and Boston-based Thornton Group as a pair, owning a 30% stake. Yuan investments in the fund were converted to U.S. dollars through

Shanghai Free-Trade Zone Shanghai Free-Trade Zone (Shanghai FTZ or SFTZ), officially China (Shanghai) Pilot Free-Trade Zone, is a free-trade zone in Shanghai, China. On 22 August 2013, the State Council approved the establishment of the zone. Officially launched on 29 ...

, facilitating yuan offshore investment.Deng, Chao
"Bohai, Harvest and U.S. Investment Firms Expand Target for Outbound Fund" (possibly subscription only)
''Wall Street Journal'', 10 July 2014. Retrieved 2016-11-16. In 2014, BHR made an approximately RMB4 billion investment in "the segregation and capitalization of

Sinopec China Petroleum & Chemical Corporation (中国石油化工股份有限公司) or Sinopec (), is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai. Sinopec Limited's parent, Sinopec Gr ...

Group's non-oil business into Sinopec Marketing Corporation". In 2015, it invested in

Henniges Automotive Henniges Automotive, based in Auburn Hills, Michigan is a company producing anti-vibration components and encapsulated glass systems. The company was founded in 1863. In 2015, Henniges Automotives was acquired by AVIC Automotive Systems Holding ...

with strategic partner, AVIC Auto. Other investments included

China General Nuclear China General Nuclear Power Group (CGN) (), formerly China Guangdong Nuclear Power Group (), is a Chinese state-owned energy corporation under the State-owned Assets Supervision and Administration Commission, SASAC of the State Council of the Peo ...

, 3Bio Inc., and Didi Taxi. In November, 2016, BHR bought a minority interest in African copper mine Tenke Fungurume Mining S.A. for $1.14 billion in cash.

China Molybdenum CMOC or CMOC Group Limited (), previously known as China Molybdenum Company Limited, is the largest molybdenum producer in Mainland China and among the world's largest companies in the field. It is listed on the Hong Kong Stock Exchange and Sha ...

Co. is purchasing the majority interest from

Freeport-McMoran Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, is a major copper producer and operates the world's ...

and the

Democratic Republic of the Congo The Democratic Republic of the Congo (french: République démocratique du Congo (RDC), colloquially "La RDC" ), informally Congo-Kinshasa, DR Congo, the DRC, the DROC, or the Congo, and formerly and also colloquially Zaire, is a country in ...

, where the mine is located, owns the remaining 20% of the mine.McKinnon, Judy
"Lundin Mining to Sell Stake in African Mine for $1.14 Billion" (possibly subscription only)
''Wall Street Journal'', 15 November 2016. Retrieved 2016-11-15.

References

External links

* {{Major asset management companies Chinese brands Investment management companies of China Financial services companies established in 1999