In addition to Yu'e Bao, Alipay's common financial management products include Yu Li Bao.

So, what is Yu Li Bao?

is it safe?

Xicaijun has prepared relevant content for everyone’s reference.

What is Yulibao?

Yu Li Bao is a money market fund.

The groups served by Yu Libao are mainly small and micro enterprises and individual small and micro operators.

There are only 10 currency funds in Yu Libao's name. Investors put their funds in Yu Libao, that is, they buy multiple currency funds in accordance with the rules.

Yu Libao funds can be transferred to bank cards, with a daily limit of 100,000 yuan for fast arrival, and a limit of 2 million yuan for the preferential type.

There is no limit for Yu Li Bao's single-day transfer of funds, but it follows the Yu Li Bao product subscription limit, that is, the minimum transfer is 0.01 yuan and the maximum subscription limit is 10 million.

However, the biggest disadvantage of Yu Li Bao is that it cannot be used directly like Yu'e Bao.

Yulibao cannot be directly used for online payment. It does not support the purchase of Alipay financial products, and does not support Huabei and Borrow. Funds need to be transferred to a bank card or balance before they can be used.

is it safe?

It is relatively safe.

From a platform perspective, Alipay's financial products are protected by law and are products of formal banks or securities companies.

They are sold by different companies, but regardless of the size of the company, financial products sold on Alipay must pass Alipay's review, so they can be said to be reliable to a certain extent.

In terms of financial products themselves, money funds are funds that invest in money market instruments. They mainly invest in bank time deposits and certificates of deposit within one year (including one year); with a maturity period within one year (including one year)

) financial instruments such as central bank bills.

The risk is relatively small and the possibility of loss is small.

However, if a financial crisis occurs, the money market will be impacted, which will affect the investment targets of money funds and may cause money funds to suffer certain losses.