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 supported Tian Hong Fund's "Zenglibao" monetary 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.
government policy
Recently, there have been many discussions on the development of money market funds in the market, especially Yu 'ebao. In this regard, Zhang Xiaojun, spokesperson of the China Securities Regulatory Commission, said at a regular press conference last Friday that Yu 'ebao is a convenient account value-added service provided by Alipay, which is essentially a combination innovation of third-party payment services and money market fund products. Under the business model of Yu 'ebao, Alipay does not participate in fund sales business or fund investment operation, but only plays the role of introducing Internet customers. Yu 'ebao is the product of China's interest rate marketization and the rapid development of the Internet. In order to better promote the healthy and stable development of Internet funds such as Yu 'ebao, the CSRC is studying and formulating relevant rules to further strengthen the risk management of money market funds and the supervision of Internet sales funds.
Four major banks blocked Yu 'ebao.
Banks that are loading Yu 'ebao spare no effort to block Yu 'ebao. The four major banks lowered the fast payment ceiling, and only 5,000 to 1 10,000 yuan of users subscribed for Yu 'ebao every day. This made Yu 'ebao almost lose the financial war with the bank, and Ma Yun also issued a document calling for "although it was defeated."
In addition to "baby", there are four major financial options to consider. When the cargo base moves into the trillion-dollar debt base, we will wait for ICBC in the spring: adjusting the fast payment limit has nothing to do with cracking down on Yu 'ebao. Third-party Payment "Payment+Finance" The Future Direction of inclusive finance [Yinglibao Friends]: The latest income of Southern Cash A is nearly 6%. Embarrassing monthly report on fund net value dividends.
The four major banks of industry, agriculture, China and construction have successively lowered the fast payment quota of Alipay, and the number of purchases of Yu 'ebao through Alipay has become very limited. The daily purchase amount of Yu 'ebao by CCB and ICBC users is reduced from 50,000 yuan to 5,000 yuan, and the monthly limit is reduced to 50,000 yuan. The daily purchase amount of Yu 'ebao by users of China Bank and China Agricultural Bank decreased from 50,000 yuan to 1 10,000 yuan.
The restrictions of the four major banks have hit the user experience of Yu 'ebao and limited the channels for Alipay to transfer to Yu 'ebao. Not only that, because Alipay fast payment is lowered, it will be inconvenient for consumers to use Alipay, and online shopping and repayment through Alipay will be affected.
Social viewpoint
Loading Yu 'ebao For ordinary people, Internet financial products such as Yu 'ebao are a piece of cake. Interest on bank deposits can't keep up with the rise in prices, so putting money in the bank means depreciation. You can put it in the balance treasure, there is no purchase threshold, there are many benefits, and it is convenient to withdraw cash. Why not? Naturally, Yu 'ebao absorbed 400 billion yuan of gold in a short period of time, and Internet finance caused the bank to lose more than 900 billion yuan of deposits in June 5438+ 10, which is the root of the appetite of ordinary people. The CCTV commentator hit it with a stick, which was not only scary, but also aroused people's disgust.
The position of the central bank
On March 4th, 20 14, Zhou Xiaochuan, governor of China People's Bank, Pan and Yi Gang, vice governors, were interviewed four times in one day, with their own opinions. Zhou Xiaochuan, governor of the People's Bank of China, said: Yu 'ebao will not be banned, and the regulatory policies for financial services such as Yu 'ebao will be more perfect; Vice President Yi Gang said: We should support the innovation of financial products such as Yu 'ebao; Vice President Pan said: Internet finance can expand the supply of small and micro enterprises, broaden the investment channels of ordinary people, improve transaction efficiency and reduce transaction costs. Internet finance, a new financial product, should first encourage innovation and development, secondly promote financial market reform, expand financial supply, and thirdly standardize supervision. Cross-departmental products need coordinated supervision. 2065438+February 2, 20041day, Search Yue and other media reported that Wenxin Niu, the executive editor and chief news commentator of CCTV Securities Information Channel, accused Yu 'ebao of being a "vampire" lying in the bank and a typical "financial parasite" and advocated banning Yu 'ebao.