Yu’E Bao financial management is safe 1. The emergence of Yu’E Bao in 2013 is generally regarded as the first year of Internet financial management for Chinese people. At the same time, Yu’E Bao has become the most typical representative of inclusive finance.

One year after its launch, it not only gave tens of millions of people who had never been exposed to financial management awareness of financial management, but also activated technology and innovation in the financial industry and promoted the process of market interest rates.

Yu'e Bao is controlled and invested by Alibaba and Tianhong Fund. Tianhong Fund is a state-owned asset and the largest monetary fund company in China.

2. The security level of Yu'E Bao is equivalent to that of major state-owned banks. The income of Yu'E Bao is higher than that of bank five-year fixed deposits. The funds transferred to Yu'E Bao are protected by Alipay.

If the Alipay account is indeed stolen after verification, and the funds in Yu'E Bao are misappropriated and cannot be recovered, Alipay will make compensation.

3. Yu’e Bao’s income is different every day. The income calculation formula = (Yu’e Bao’s confirmed amount/10,000)

Yu'e Bao is settled on a daily basis. You can withdraw money at any time and arrive in your account within two hours. It is convenient, flexible, fast and safe, and is very popular among people.

More than 400 million people across the country are using Yu'ebao for financial management. If you deposit 10,000 yuan, your daily income will be about 1 yuan and 10 cents.

?Extended information: It is reported that Yu’e Bao, a subsidiary of Alipay, stands at a scale of 400 billion yuan.

The development speed of Yu’e Bao is amazing.

From 0 to 250 billion yuan in fund size, Yu’e Bao took just over 200 days.

From 250 billion yuan to 400 billion yuan, Yu'e Bao only took about 30 days.

Yu'e Bao not only allows the public to add investment options that are almost equally safe and stable but with higher returns in the era of "negative interest rates", it can also force the banking industry, which has enjoyed a monopoly on interest rate spreads for many years, to initiate market-based interest rate reforms as soon as possible to reduce the impact of my country's real economy. overall financing costs.

The essence of Yu'e Bao is interest rate liberalization, which is definitely a big negative for banks.

Banks will definitely become polarized, the competitive advantages of high-quality banks will continue to strengthen, and some banks that are dawdling will have a very difficult time in the future.

Therefore, large state-owned banks should continue to maintain their competitive advantages, but small and medium-sized banks will face great competitive pressure in the future.

Internet finance, represented by Yu'e Bao, is booming and in the ascendant, accelerating the diversion of bank deposits and impacting the monopoly of state-owned banks.

In the future, only if Internet financial products like Yu'E Bao continue to emerge can interest rate liberalization be promoted.