Fitch Ratings Withdraws 'AAAmmf(chn)' Rating for Harvest Prime Liquidity Money Market Fund

Strategic Insights -

Harvest Prime Liquidity Money Market Fund, managed by Harvest Fund Management Co., Ltd, has had its National Money Market Fund Rating of 'AAAmmf(chn)' withdrawn due to commercial reasons. The rating had been in compliance with criteria for a 'AAAmmf(chn)' rating since the last review on March 6, 2025. The fund has CNY148 million in total assets under management as of September 2025.

Key Takeaways:

  • The 'AAAmmf(chn)' rating for Harvest Prime Liquidity Money Market Fund has been withdrawn by Fitch Ratings for commercial reasons.
  • The fund's credit quality has been in compliance with criteria for a 'AAAmmf(chn)' rating since the last review on March 6, 2025.
  • Harvest Fund Management Co., Ltd, the fund's manager, is a joint venture of Deutsche Asset management, China Credit Trust Co. Ltd, and Lixin Investment Co. Ltd.
  • As of mid-September 2025, the fund had total assets under management of CNY148 million.
  • Fitch has withdrawn the rating, making it not applicable to consider factors leading to positive or negative rating actions.
  • Harvest Prime Liquidity Money Market Fund's National Money Market Fund Rating was previously affirmed at 'AAAmmf(chn)'.

Statistics:

  • The fund had a total of CNY148 million in assets under management as of mid-September 2025.
  • The rating has been withdrawn, making Fitch's criteria for a 'AAAmmf(chn)' rating non-applicable.

Sources:

  • Fitch Ratings. (2025, March 6). Money Market Fund Rating Criteria (pub. 2024, July 27).
  • Fitch Ratings. (2025, September). Fenghe Global Innovation Money Market Fund rating withdrawn. www.fitchratings.com.