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What does the Bank of China mean by salary wallet currency?
China Bank's salary wallet currency is monetary fund, and the security of monetary fund is second only to bank deposits. Money fund is an open-end fund that collects idle funds from the society, is operated by the fund manager and kept by the fund custodian. It specializes in investing in low-risk money market instruments, which is different from other types of open-end funds and has the characteristics of high security, high liquidity, stable income and "quasi-savings".

Is there any income in China Bank's salary wallet financing weekend?

According to the announcement, BOC Fund officially launched its brand-new "treasure" product-BOC Salary Wallet Monetary Fund on June 20th, and investors can subscribe through online banking and counters of BOC. Compared with demand deposits, the investment threshold of China Bank's salary wallet money fund is lower. Different from other Internet financial cash management products, BOC Wage Wallet Monetary Fund does not involve docking with other monetary funds, nor does it involve underwriting by underwriters. The fund custodian bank will monitor the funds of BOC Wage Wallet Monetary Fund to ensure the safety of funds, which will give it an advantage in the security of customers' personal information and liquidity risk.