according to the regulations of the people's bank of China, only bank deposits (current+fixed term) are risk-free, and all other forms of assets are risky.

The risk of money funds is very low. Money funds mainly invest in short-term financial products with extremely high security, such as bonds, central bank bills, repurchase, etc., and the longest term cannot exceed 397 days.

the money fund has no subscription and redemption fees. The subscription is T+1, the redemption is T+1, and T+2 is desirable, which has high security, high liquidity and stable profitability.