Harvest Fund Forms Data and Technology Partnership with Bloomberg to Advance Global Investment Plans

China’s leading asset manager adopts Bloomberg’s data, analytics and technology platforms

Beijing, October 16, 2018 – Harvest Fund and Bloomberg jointly announced a global strategic partnership to accelerate the fund manager’s global expansion plans. By relying on Bloomberg’s financial information and technology innovation, Harvest Fund will enhance its investment research capabilities and advance its data-driven asset management business.

Founded in 1999, Harvest Fund is one of China’s first asset management companies, managing CNY950 billion in assets as of year-end 2017. To support the firm’s path of international expansion, Harvest Fund sought to partner with a solution provider that could scale to meet future demands across the investment lifecycle as Harvest Fund grows its global ecosystem. They chose to expand their relationship with Bloomberg, having worked together for more than a decade on portfolio management, risk control and compliance, workflow optimization and more.

“As the leading asset management company in China, Harvest Fund is ready to compete globally,” said Dr. Henry Zhao, Chairman of Harvest Fund. “Bloomberg has extensive experience in working with leading global financial institutions. We believe that extending our strategic partnership with Bloomberg will empower technology innovation and data-driven investment at Harvest Fund and help establish our company as a truly international asset management group.”

To support its international business development initiatives, Harvest Fund will use Bloomberg’s global real time and reference data sets, including economics, fund, equity, bond and corporate fundamentals. Harvest Fund will also employ Bloomberg’s comprehensive suite of multi-asset analytical tools and seamless trading technologies to strengthen its equity and bond investment research capabilities, as well as work with Bloomberg on order management, research management, data integration and distribution, and indices.

“For fund houses that are embracing a global expansion path, consistent firm-wide use of quality data and integrated investment technology systems are a necessity, ” said Bing Li, Head of Bloomberg China. “We are delighted that Harvest Fund has chosen to deepen their relationship with us to strengthen their capabilities in smart investment and data management. This partnership enables us to help them prepare for future growth and also reflects Bloomberg’s long-term commitment to the China market.”

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About Harvest Fund
Founded in March 1999, Harvest Fund Management Co., Ltd. ( “Harvest Fund” ) was one of the ten earliest fund management companies established in China. Over the past 19 years, Harvest Fund has always been committed to business compliance. By adhering to its philosophy of “progressing with vision”, it has now developed into a full-licenses business covering a wide range of services including mutual funds, institutional investment, pension funds, overseas investment and wealth management. By the end of 2017, Harvest Fund had CNY950 billion assets under management, maintaining a leading position in the industry for 10 consecutive years, and had been providing professional and efficient financial services for over eighty million investors. Over the past 19 years, Harvest’s mutual funds have generated CNY151.9 billion investment returns for investors. For more information, visit www.jsfund.cn.

About Bloomberg
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/company or request a demo.

Media Contact:
Harvest Fund
Lingyun Wang, wanglingyun@jsfund.cn, +86-10-85097182
Bloomberg
Irene Gu, Igu3@bloomberg.net, +86-10-66497535