Harvest bond is not completely national debt, and national debt is only one of the forms of Harvest bond repurchase. Harvest bond is a kind of fund that mainly invests in fixed income. It is a pure debt fund and a low-risk fund, but the risk is higher than the direct purchase of government bonds. Including publicly issued and listed government bonds, financial bonds, corporate (company) bond repurchase and other fixed-income funds allowed by China Securities Regulatory Commission.

Harvest fund is a Sino-foreign joint venture fund company. Harvest fund was founded on March 25th, 1999. There are 62 funds under its management, and the total assets managed by * * * are 206.359 billion yuan. Therefore, Harvest Monetary Fund E does not belong to national debt.