No matter what wealth management products have risks, the risks of different wealth management products are different. Bank of China Ruyibao Currency is a fund product of Bank of China Fund, so is Bank of China Ruyibao Currency a safe?

Is China Bank Ruyibao currency safe?

Bank of China Ruyibao currency is essentially a monetary fund, and the monetary funds of major fund companies are less differentiated. We can basically understand the security of BOC Ruyibao currency from the types of funds and issuers.

1 fund type: as a money fund, its security is the highest among all fund types, and it is also in the forefront of all wealth management products.

The money fund is safe because it invests in money market instruments with short term and high credit, and is mainly issued by institutions with high credit rating such as the government, central bank and large commercial banks, with low default risk.

2 Issuer: Bank of China Ruyibao currency is issued by Bank of China Fund, and Bank of China Fund Management Co., Ltd. is a Sino-foreign joint venture fund management company jointly funded by Bank of China Limited (hereinafter referred to as Bank of China) and BlackRock Investment Management Co., Ltd. (hereinafter referred to as BlackRock).

After reading the above, I believe you have a basic understanding of the security of BOC Ruyibao currency. However, it should be noted that the money fund is not absolutely safe. In some extreme cases, the money fund may still lose money.