China Merchants Bank Chaochaobao is similar to the money fund to update its income every day, but the essence is not the money fund. China Merchants Bank's Super Bao Chao is a very low-risk cash management financial plan. This wealth management product is a fixed-income wealth management product, which cannot be said to be completely risk-free. The product consists of management fee, custody fee and sales service fee. When the income is not enough to cover these expenses, the principal will be damaged. Generally speaking, the income of this wealth management product is at least fixed.