Yu’e Bao.

From the perspective of security, Yu'ebao is a kind of monetary fund. It is rare to lose money, but there is still the possibility of losing money.

At the same time, the security of Alipay is also related to the mobile phone. If the mobile phone is accidentally lost, Alipay is still at risk of being stolen.

One risk of bank theft is that the password card is copied and the password is stolen. The risk is very small.

Judging from the income of different periods, from a president's perspective, the interest of Yu'e Bao changes every day, fluctuating up and down, but not much, generally below cents.

Compared with the daily floating interest on Yu'e Bao, the interest rate on bank deposits has almost no change, and the only changes are adjustments on an annual basis.

Take a large deposit of 100,000 as an example, with a deposit period of 3 years.

After the 3-year fixed term matures, the total interest income from Yu'e Bao will be much greater than the interest from the bank's 3-year time deposit.

If it is a three-year current term, the interest rate of Yu'E Bao is 12 times higher.

If you deposit on a regular basis for one year, the daily interest on Yu'e Bao will be 4 cents more, which works out to almost 150 yuan a year.

Similarly, there are benefits as well as risks, so it cannot be measured solely by returns.

Therefore, although the interest rate of Yu'e Bao is higher than that of bank time deposits, the risk is also much higher than that of bank deposits.

: Risk analysis of Yu’E Bao.

Money market risk: The income of monetary funds is not fixed, and the same is true for Yu'e Bao. If the money market performs poorly, the income of monetary funds will also decline. Yu'e Bao's income comes from the income of the money fund market, not Alipay payment.

Risks of competition with banks: Alipay’s launch of Yu’e Bao is actually to increase user stickiness and attract users’ idle current deposits to Yu’e Bao in Alipay, making it easier for users to shop on Taobao. This will endanger the interests of the bank to a certain extent.

Dispute risk: Yu'E Bao does not remind users of the investment risks of monetary funds. Once Yu'E Bao users have a dispute over earnings, legal disputes will be difficult to avoid, and the resulting impact is difficult to estimate.

In terms of supervision: According to the central bank's regulations on third-party payment platforms, Alipay balances can be used to purchase agreement deposits. There are no clear regulations on whether funds can be purchased.

Yu'e Bao's approach of leveraging Tianhong Fund to realize its fund sales function is an attempt to cut corners.

From a regulatory perspective, Yu’e Bao is not legal.

Once the regulatory authorities take action, Yu'E Bao may be suspended.

From the perspective of capital flow, Yu'E Bao transfers bank cards and monetary funds through Alipay, that is, funds are transferred from personal bank cards to Alipay, and then from Alipay to Yu'E Bao, and Yu'E Bao invests in monetary funds; traditional monetary funds are transferred from personal bank cards to

Monetary Fund.

In other words, the existence of Alipay in Yu'e Bao's capital circulation has destroyed the closed loop of the banking system from personal bank cards to monetary fund custodian banks. Once there is a loophole in the personal Alipay link, customer funds will be at risk.