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Produced by | Dharma Finance

On August 9, Harvest Fund suddenly announced that the company had learned from relevant parties that Zhao Xuejun was cooperating with relevant departments' investigation due to personal issues, and the investigation was not related to the company's fund business.

Harvest Fund also stated that Zhao Xuejun has resigned as the company's chairman. The board of directors of Harvest Fund has made appropriate arrangements, with co-chairman An Guoyong acting as the company's chairman. The company's senior management and investment research team are stable, and operations are normal.

Zhao Xuejun, 58, is a veteran executive of Harvest Fund, and has been working at Harvest Fund for nearly 24 years. In October 2000, Zhao Xuejun joined Harvest Fund and served as general manager. In 2017, Deng Hongguo, the former chairman of Harvest Fund, stepped down, and Zhao Xuejun took over as chairman until now.

Harvest Fund was established in Shanghai in March 1999. As one of the ten earliest fund management companies established in China, Harvest Fund has now developed into a comprehensive international asset management group with "full license" business.

China Credit Trust currently holds 40% of Harvest Fund's shares and is the company's largest shareholder. Lixin Investment and Deutsche Asset Management (Asia) Co., Ltd. each hold 30% of Harvest Fund's shares.

Data from Tiantian Fund Network shows that as of the end of July, Harvest Fund had 575 funds under its umbrella, with a management scale of 967.191 billion yuan. In 2022 and 2023, Harvest Fund as a whole fell into losses, with its funds losing a total of 52.7 billion yuan and 24.9 billion yuan respectively.