Yu 'ebao is a balance value-added service created by Alipay, a third-party payment platform, for individual users. The scale of Yu 'ebao has exceeded 250 billion yuan and the number of customers has exceeded 49 million. Tian Hong Fund has become the largest fund management company in China.
Through Yu 'ebao, users can not only get income, but also pay and transfer money at any time, which is as convenient as using Alipay balance. Users can purchase wealth management products such as funds directly on Alipay website, and the funds in Yu 'ebao can also be used for online shopping, Alipay transfer and other payment functions at any time. The funds transferred to Yu 'ebao shall be confirmed by the fund company on the second working day, and the income shall be calculated for the confirmed share. The essence is a money fund, and it is still risky.
20 14, 14 On February 27th, the central bank issued a document to include some deposits originally under interbank deposits into various deposit ranges. This means that all kinds of money funds deposited in banks such as "Yuebao" should also be counted as deposits, and deposit reserves need to be paid, resulting in a decline in income; However, at present, the deposit reserve ratio of such deposits is temporarily zero. Since 0: 00 on May 27th, the maximum amount of balance treasure held by individuals has been adjusted to 250,000 yuan.