China's Harvest Fund chairman under investigation resigns

China's Harvest Fund chairman under investigation resigns

FILE PHOTO: The logo of Harvest Fund is seen at an exhibition in Beijing, China, September 1, 2005. China's mutual fund industry is pushing to develop investment products linked to local commodity futures, betting that plans to fight chronic oversupply in the country's mammoth resource sector will drive up prices for raw materials. Picture taken September 1, 2005. REUTERS/Stringer/File Photo

Harvest Fund Management, one of China’s largest asset managers, said on Friday Chairman Zhao Xuejun had resigned and is cooperating with authorities regarding an investigation pertaining to “personal problems”, without elaborating.