It is reported that the biggest feature of Tianfu Express is that it takes into account ultra-high liquidity and stable profitability. People close to Huitianfu Fund said that T+0 of Tianfu Express is mainly reflected in three aspects: First, you can enjoy the income when you buy it on the same day, and calculate the income one day earlier than the traditional money fund; Second, it can be used when it is sold on the same day, breaking the bottleneck that traditional money funds can be used in 2-3 working days; Third, the operation is convenient, and the transaction is realized in the securities account, and the funds do not need to be transferred in and out, and no formalities need to be handled. Holding Huitianfu Revenue Express is almost equivalent to holding stocks or holding cash in a securities account. This has undoubtedly formed obvious advantages for bank wealth management products, because the products are directly launched in the securities trading system, which makes it possible for brokers to enter the trillion-dollar low-risk wealth management market.

Tianfu Express is open every day, and the withdrawal funds T+0 are received. The funds sold can be used to buy products listed on other exchanges that day, including stocks and floor funds. A money fund that has realized the function of "T+0 funds available" is almost as convenient as cash in a stock account. Conversely, investors can buy shares immediately after selling Tianfu Express, without any waiting and capital transfer.

Huabao Xingye Cash Tianyi is the first money fund to be listed and traded. Investors can purchase and redeem fund shares in the market, or buy and sell fund shares in the secondary market like stocks. The fund can not only realize the' T+0' conversion between stocks and money funds, improve the efficiency of using idle funds, but also enjoy the benefits of money funds, and the subscription fee, subscription fee and redemption fee are all zero. However, if you buy and sell in the secondary market through the stock accounts of brokers, you may be charged a certain percentage of commission by some brokers.

Investors can enjoy the same day's income when they buy Huabao Tianyi in the secondary market, but not when they sell it. The actual delivery of funds takes place on the day after the transaction, so the selling investors will actually sell at a price higher than the net value, and the buying investors will also buy at a price higher than the net value, that is, the reasonable transaction price will be higher than the net value.

The daily rate of return of Huabao Tianyi is carried forward to the OTC account, and it will be automatically carried forward to the OTC account only when the cumulative rate of return reaches 1, that is, 100 yuan. Therefore, investors generally can't see the income of the goods base in their stock accounts. However, if the investor's accumulated off-exchange income on the day of selling is less than 1 share, this part of the income will be automatically transferred back to the investor's stock account in the form of cash, but it will be delayed by one or two days.