Cumulative income refers to the income earned from the day you deposited Yu'e Bao to the present day.

The income of 10,000 yuan refers to the income that can be obtained from Yu'e Bao for every 10,000 yuan per day.

The seven-day annualized interest rate can be approximated as an interest rate, which is the interest rate for the last seven days.

Yu'ebao is a balance value-added service and current fund management service product of Ant Financial, launched in June 2013.

Tianhong Fund is the fund manager of Yu’e Bao.

Yu'ebao is connected to Yu'ebao Monetary Fund under Tianhong Fund, which is characterized by easy operation, low threshold, zero handling fee, and can be withdrawn and used at any time.

In addition to financial management functions, Yu'e Bao can also be used directly for shopping, transfers, bill payments and other consumer payments. It is a cash management tool in the mobile Internet era.

Yu’e Bao remains China’s largest monetary fund.

On May 3, 2018, Yu'e Bao newly added two currency fund products, "Bosera Cash Income Currency A" and "China Europe Gunqianbao Currency A" under Bosera and China Europe Fund Company.

With a minimum purchase of 1 yuan, you can manage your finances on a regular basis - the launch of Yu'E Bao in 2013 is generally considered to have ushered in the first year of Internet financial management for Chinese people. At the same time, Yu'E Bao has become the most typical representative of inclusive finance.

One year after its launch, it not only gave tens of millions of people who had never been exposed to financial management awareness of financial management, but also activated technology and innovation in the financial industry and promoted the process of market interest rates.

Yang Chi, a researcher at the Development Research Department of Hua Xia Bank, said that the emergence of Yu'e Bao, on the one hand, meets residents' growing asset allocation needs and is a good supplement to existing investment products. It not only increases financial management returns but also lowers financial management thresholds.

, and also awakened the public’s awareness of financial management.

Wu Xiaoqiu, director of the Institute of Finance and Securities at Renmin University of China, said that the core contribution of Yu'ebao is to establish the wealth of balance funds and establish the approximate scale of market-based interest rates, which is conducive to promoting the process of interest rate marketization.

?[6]? Yu'e Bao is no longer just an "artifact" for national financial management. It is also constantly entering various consumption scenarios, continuing to bring small but beautiful changes to users.

Since 2014, Yu'E Bao has launched projects such as zero-yuan mobile phone purchases and Yu'E Bao cars, allowing Yu'E Bao users to enjoy special preferential rights and interests, and also seeing Yu'E Bao's imagination in the consumer field.

In March 2015, Yu'ebao was used for buying houses for the first time. This was a major breakthrough for Yu'ebao in consumption scenarios, and it was also the first time that Internet financial tools were introduced into the real estate industry.

At that time, Franshion Real Estate and Taobao launched the Yu'e Bao house purchase project. In the top ten cities across the country, including Beijing, Shanghai, and Nanjing, 1,132 houses were released to support Yu'e Bao house purchase: after buyers paid the down payment through Taobao, the down payment was

will be frozen in Yu'E Bao.

Before the official handover of the house or 3 months after the down payment, the Yu'e Bao income generated from the down payment will still belong to the house buyer.

This means that if you hand over the house first and then pay for it, you can also earn profit from the down payment.

It is precisely because of the emergence of Yu'ebao that it has expanded financial management channels for the public. Under the influence of Yu'ebao's strong fund gathering effect, major banks have launched Yu'ebao-like products to meet the challenges. For example, Ping An Bank launched "Ping An Ying",

Minsheng Bank launched "Ruyi Bao", China CITIC Bank and Prudential Fund launched "Xinjin Pot", Industrial Bank launched "Industrial Bao" and "Treasurer Wallet", etc.

Most of these banking institutions are monetary funds that cooperate with banks and fund companies.

However, the emergence of the "Baobao" army has not affected Yu'e Bao's status as China's largest monetary fund.

According to the 2015 annual report released by Tianhong Fund at the end of March, Yu’ebao’s net profit in 2015 was 23.131 billion yuan.

This figure was approximately 24 billion yuan in 2014 and approximately 17.9 billion yuan in 2013.

As of December 31, 2015, Yu'e Bao's share net return rate was 3.6686%, and the benchmark return rate for the same period was 1.3781%.

Among the top five funds with the highest profits, Tianhong Yu'e Bao ranks first, followed by GF Jufeng, China Post Core Growth, E Fund Ruihui Flexible Allocation Mix, and Tianfu Balance.

It is worth mentioning that although the bottom four funds all have annual profits of more than 7 billion yuan, none of them exceed 10 billion yuan. Therefore, Yu'e Bao's status is far from being shaken.

Experts pointed out that my country's interest rate marketization reform is still advancing steadily. In the long term, Yu'e Bao's income will gradually return to the more balanced income level of monetary funds.

Yu’e Bao’s positioning as a “cash management tool” has become increasingly obvious.