First, it has both profitability and liquidity.
Compared with traditional wealth management products, Yu 'ebao products "have higher interest rate than deposits and are more convenient than funds", providing users with a new wealth management tool with good performance in profitability and liquidity. Compared with the interest rate of demand deposits of 0.35%, the income range of Yu 'ebao products above 5% is obviously very attractive, even higher than time deposits. Generally, it takes about 2 trading days to redeem the money fund, but Yu 'ebao products support T+0 real-time redemption, which means that the funds transferred to Alipay [Weibo] can be transferred to Alipay balance for consumption at any time, and there is no handling fee for real-time payment, or they can be directly withdrawn to the bank card, which is comparable to "quasi-currency".
Second, the operation process is simple, and the use is convenient and fast.
Yu 'ebao products, the fund direct selling system of fund companies is built into Alipay website, and users can purchase or redeem funds in Alipay. The whole process is as simple as Alipay recharging, cash withdrawal or shopping. After July 20 13 1, customers can operate the Yu 'ebao account through their mobile phones, and they can buy, sell and inquire about the income at any time, which is extremely convenient and fast.
Third, the investment threshold is low, attracting the participation of the whole people.
Yu 'ebao products do not limit the minimum purchase amount of users. On the one hand, it helps to maximize the concentration of all fragmented and idle funds in society, improve the utilization rate of social funds, and at the same time let customers enjoy the most convenient financial services. On the other hand, it also inspires more customers who have never set foot in wealth management business with their own investment and wealth management ideas, especially the latter plays an important role in establishing a correct and keen investment and wealth management concept for the whole society.
While paying attention to the above advantages of these Yu 'ebao products, we should also be aware of some problems and shortcomings:
One is information asymmetry, which may lead to moral hazard.
Most users of payment institutions don't know the knowledge and information of financial market, but passively accept the "cooperative unit" selected by payment institutions, and know almost nothing about the capital operation of the "cooperative unit". Payment institutions can not only decide money funds, bond funds, stock funds and even private financiers or direct financiers, but also take a share of the investment income of users, and the risks are borne by users. Asymmetric information will lead to moral hazard and rent-seeking behavior of payment platform. Excessive financing costs will lead to the investment of funds in risky areas, resulting in the accumulation and infection of risks.
Second, the propaganda is misleading and the risk warning is insufficient.
Article 43 of the Measures for the Administration of Sales of Securities Investment Funds stipulates that "when introducing money market funds in fund promotion materials, fund investors should be reminded that buying money market funds does not mean depositing funds as deposits in banks or deposit-taking financial institutions, and fund managers do not guarantee that the funds will be profitable or guarantee the minimum income."
Take Alipay as an example. In a prominent position on the front page, it is said that "Bao Yue" has a high income, and the funds are used to invest in safe and stable financial instruments such as government bonds and bank deposit certificates, so there is no need to worry about capital risks. In sharp contrast, the small print at the bottom of the page indicates that "money fund, as a fund product, may have losses in theory, but the risk of stable income is very small from historical data".
It can be seen that Alipay deliberately played down the objective risk of "Bao Yue" in the publicity process, which may cause misunderstanding among investors.
Third, there are security risks.
Through news reports, we know that in recent years, cases of the theft of Yu 'ebao products have occurred frequently. Although the publicity page of Yu 'ebao claims that "the stolen funds will be paid in full", in practice, customers may face the problem of proof.
In addition, it is clearly stated in the Yu 'ebao service agreement that whether compensation can be obtained and the specific amount depends on Alipay's own independent judgment. It is difficult to effectively protect the safety of customers' funds.
This tells us that the so-called full payment claimed by Yu 'ebao actually has obstacles to realization.
Third, suggestions on improving Yu 'ebao products and strengthening financial innovation.
As early as February, the news that the scale of Yu 'ebao exceeded 400 billion yuan spread on the Internet. According to the current development speed, it is only a matter of time before it exceeds one trillion. It can be predicted that in the near future, the Internet economy will occupy an important position in the national economy. How can financial institutions guide Internet financial products to a benign development track and contribute to social development? How does Yu Can's Yu 'ebao rise and grow in the containment of the traditional financial industry, and take the lead in the future financial industry pattern? This is a question that * * * and Ma Yun should always think about.
First, improve the legal system of the financial industry.
Strengthen the supervision of online finance companies by financial regulators, further clarify the business scope and handling qualification of Yu 'ebao products on the basis of fully affirming the business innovation of online finance companies, put forward clear requirements for the scope of financing partners selected by payment institutions, standardize and guide the terms and responsibilities of agreements between customers and payment institutions, and require payment institutions to disclose the scale and direction of capital investment to the society on a regular basis.
The second is to guide consumers to invest scientifically and reasonably.
Internet finance companies should fully publicize their products, let buyers "know why" and "know why", fully understand the investment principle of Yu 'ebao products, guide investors to fully realize that there are risks in money fund investment, avoid blindly comparing the expected rate of return of the money fund with the savings rate, and blindly follow suit to avoid unnecessary losses.
The third is to ensure safety through institutional and technical means.
Although the introduction of network technology into the financial industry has made people experience the advantages of convenience, its risks are also doubtful. This is also an important reason why some users are always reluctant to invest money in Yu 'ebao products.
First, formulate corresponding risk management and emergency response systems so that when funds are stolen, reasonable measures can be taken at the first time to ensure the safety of users' funds to the maximum extent; Second, increase investment in background technology, systems, data processing, capital security, risk control and other aspects to improve the security level of Alipay.
Product risk
market risk
The income of the money fund is not fixed, and so is Yu 'ebao.
In this case, if the money market does not perform well, the income of the money fund will also decline, and the income of Yu 'ebao comes from the income of the money fund market, not from Alipay.
Competitive risk
In fact, Alipay launched Yu 'ebao to improve users' viscosity, attract users' idle demand deposits to Yu 'ebao in Alipay, and facilitate users to shop in Taobao, which will endanger the interests of banks to a certain extent.
Dispute risk
Yu 'ebao did not remind users of the investment risks of the money fund. Once the users of Yu 'ebao have income disputes, legal disputes are hard to avoid, and the resulting impact is hard to estimate.
Regulatory risk
According to the central bank's regulations on the management of third-party payment platforms, the balance of Alipay can be used to purchase agreement deposits, and there is no clear regulation on whether funds can be purchased. Yu 'ebao's practice of realizing the fund sales function with the help of Tian Hong Fund is playing a marginal role. From a regulatory point of view, Yu 'ebao is illegal. Once the regulatory authorities attack, Yu 'ebao may be stopped.
What is the risk of saving money in Yu 'ebao? Has anyone ever lost money? I don't think the risk is great. I suggest saving WeChat for financial management. Interest rates are higher.
Is Yu 'ebao risky? Yu 'ebao is a service launched by Alipay for individual users to pay by balance. Transferring funds to Yu 'ebao means buying corresponding wealth management products from fund companies and other institutions. Yu 'ebao supports the "Yu 'ebao" monetary fund of Tian Hong Fund in the first phase.
Monetary funds are mainly used to invest in securities with high security and stable income, such as national debt and bank deposits. In 20 12 years, the 7-day annualized rate of return of domestic monetary funds was around 3.8% on average.
Generally speaking, money fund, as a kind of fund product, has the possibility of loss in theory, but from the historical data, the risk of stable income is minimal. Welcome users to experience after evaluation. During the experience, they can also operate real-time transfer at any time, and there will be no handling fee during the operation.
Yu 'ebao is a monetary fund product that Alipay cooperates with Tian Hong Fund. The main business of money funds is to buy bank certificates of deposit and agreement deposits, which have existed for many years, with an annual income of 4%? 5%, there is no big risk, but the annual income will change with the change of the agreed deposit interest rate of the bank.
What are the advantages and disadvantages of Yu 'ebao? Yu 'ebao consists of Alibaba and Tianhong Fund, among which Tianhong Fund is a state-owned asset and the largest fund company in China. The security level of Yu 'ebao is comparable to that of major state-owned banks, and the income of Yu 'ebao is higher than that of bank two-year time deposits. Yu 'ebao is settled on a daily basis and can withdraw money at any time, which is convenient, flexible, fast and safe, and is very popular with people. More than 400 million people across the country use Yu 'ebao for financial management. The disadvantage of Yu 'ebao is that the total amount of withdrawal and transfer exceeds 20,000 yuan, and the handling fee of 0. 1% is started. Everything else is good.
Is there any risk in upgrading Yu 'ebao? Is Yu 'ebao risky after upgrading? Hello, after the upgrade of Yu 'ebao, the purchase restriction function was cancelled, and the purchase restriction time was also cancelled. Other functions are the same as before, and there is no change. Yu 'ebao is a financial application in Alipay. Alipay is operated under the supervision and management of the central bank, and it will only become more and more standardized and safer. The risk level after the upgrade of Yu 'ebao is the same as before and will not increase.
Is it risky to recruit treasure? This is a risk warning for lucky money. I hope I can help you. ..
1. 1 You know and agree that the following risks may be encountered in your transactions through the Lucky Treasure Platform, which shall be borne by you:
1. 1. 1 Regulatory risk: changes in relevant laws, regulations and relevant policies and rules make your investment and financing transactions impossible, and you may suffer losses;
1. 1.2 Default risk: You may suffer losses due to the counterparty's inability or unwillingness to perform in full and on time;
1. 1.3 expected return risk: the expected return cannot be realized in the transaction you invest in, so you can't get more income;
1. 1.4 transaction risk: your investment and financing transaction may not be reached in the end, so you can't get any income or financing.
1. 1.5 risks caused by force majeure agreed in this agreement;
1. 1.6 Any loss caused by your fault, including but not limited to: decision error, improper operation, forgetting or revealing the password of Alipay account, password being cracked by others, the computer system you used being invaded by a third party, and losses caused by malicious or improper operation of others when you entrust others to act as trading agents.
1.2 Our company does not provide you and/or any transaction with any guarantee or condition, whether express, implied or legal. All kinds of information provided by Lucky Treasure Platform are for reference only. Please make a decision according to your own independent judgment. If you trade on this basis, the risks arising therefrom are borne by yourself, and you have no right to make any legal claims to the company on this basis. During the transaction, the disputes between you and your counterparty are settled by both parties themselves, and the trading platform does not assume any responsibility.
1.3 The above cannot reveal all the risks and market conditions of your transactions through our company. Before you make a trading decision, you should fully understand the relevant transactions, make a careful decision, and bear all the risks yourself.
Is Yu 'ebao 20 15 risky? Hello, Yu 'ebao corresponds to Tian Hong's Yu 'ebao Fund, which belongs to the money market fund and is a very low-risk variety of securities investment funds. However, the annualized income of the IMF in its domestic market has never been negative. Monetary funds are mainly used to invest in securities with high security and stable income, such as national debt and bank deposits. In 20 12 years, the 7-day annualized rate of return of domestic monetary funds was around 3.8% on average. Generally speaking, as a kind of fund products, money funds do have the possibility of losses in theory, but from the historical data, the risk of stable income is very small. Welcome to the post-evaluation experience. During the experience, you can also operate real-time transfer at any time, and there will be no handling fee during the operation.
How risky is the market? No way, if there is a risk of wind for a long time, who will continue to do m a r k e t s MacKens? Ups and downs in the friendship market are common, and mentality is very important.