The money fund sales service will be supported by Ant Financial Online Banking, which will cooperate with a number of financial institutions to provide more financial options.
Monetary funds are mainly used to invest in securities such as government bonds and bank deposits. When investors buy money market funds, it does not mean that they will deposit the funds as deposits in banks or deposit-taking financial institutions. The fund company does not guarantee that the fund will be profitable, nor does it guarantee the minimum income.