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Why did ICBC automatically redeem Tianlibao on Friday?
Friday happens to be the end of the month. According to the product agreement (contract), ICBC's "Tianlibao" will be automatically redeemed at the end of each month, which is in compliance. You can check the product manual or agreement text again.

Trading time of Tianlibao wealth management products: purchase: 9:00- 15:30 on working days, with real-time deduction confirmation; Redemption: 9:00- 15:30 on working days, and the funds will be received in real time.

Tips:

1. You can make an appointment to buy at non-trading hours, and the share will be deducted at the next trading time.

2. At present, Tianlibao is sold to specific customers on weekdays and reserved for all customers on holidays. Please refer to the actual page display.

Extended data:

According to the product rules of ICBC Tianlibao, redemption can be made during the opening hours, which are from 9: 00 to 15: 30 every working day.

It can only be operated through ICBC online banking or mobile banking, and it is generally received in real time.

In fact, this is also a cash management product similar to Yu 'ebao, but worse than Yu 'ebao's 24-hour redemption at any time. But it also has certain advantages, that is, there is no limit to redemption.

At present, money funds, including Yu 'ebao, are limited to quick redemption of RMB6,543,800+per day. ICBC Tianlibao is a current net wealth management product, and there is no such restriction.

For those with high liquidity, ICBC's Tianlibao is a good choice, and its latest seven-day annualized rate of return is 3.67%, which is also higher than most money funds.

China Industrial and Commercial Bank-Tianlibao Duration Report (20 19-04-26)