Yu’e Bao announced an upgrade, adding two new currency fund products, “Bosera Cash Income Currency A” and “China Europe Gun Money Bao Currency A” under Bosera and China Europe Fund Company. From now on, the situation that many people who use Alipay have to grab Yu'E Bao every morning will be alleviated.

Ant Financial stated that after the proactive limit measures taken by Tianhong Fund in the early stage, the growth of Yu'e Bao Monetary Fund has been controlled to a certain extent. Today's open model of multiple cooperation can further reduce the pressure of excessive growth in the scale of a single currency fund, and overall reduce the risk of high concentration of a single currency fund.

Extended information

Since its launch in 2013, Yu’e Bao has had more than 400 million users in five years, and has gradually grown into the world’s largest monetary fund. However, excessive growth in scale has also become a "growth" worry for Tianhong Yu'e Bao.

Therefore, starting from February 1, Tianhong Yu’e Bao has set a limit on the total daily subscription amount. Since the Spring Festival, Yu’e Bao’s subscription channel has been closed earlier and earlier, causing users to complain of inconvenience. The new currency fund has been connected this time, which will end the daily "half-hour" second-hand situation and bring convenience to users.

People's Daily Online - "Upgraded version of Yu'e Bao" starts internal testing today