Tiantianfa is a nighttime financial management function self-developed by Huatai Securities. Without affecting the use of funds on the trading day, it can earn a certain amount of income every night with an annualized rate of about 2%.

However, starting from January 1, 2019, those who have not activated the Tiantianfa function will no longer be allowed to activate it. Customers who have activated it before that can use this permission normally.

Huatai Tiantianfa is a current financial management product of Yizhong, similar to a money fund, with the following characteristics: 1. Huatai Securities account balance financial management, after opening, all funds can be automatically participated, without affecting stock transactions.

2. The funds obtained from selling stocks/other trading products on the same day can be automatically participated in Huatai Zijin Tiantianfa at the market close; the funds obtained from Tiantianfa are automatically redeemed every day and can be immediately invested in stocks/other trading products on the same day.

3. For example: If you have 50,000 yuan of idle funds placed in a current account, then the current income for one year is 227.5 yuan.

If you participate in Tiantianfa, you can get about 6 times the current income if you hold it for a year. Then the annual income is 1,365 yuan. Tiantianfa can help you earn 1,137.5 yuan more.

4. Tiantianfa is a cash management-type low-risk financial product that mainly invests in bank demand deposits, bank notice deposits, etc. There are no handling fees for fund purchase and redemption.

1. The so-called restricted securities dealer collective financial products mainly take into account the factors of investment risk, and they have many restrictions on the proportion of investment types. Generally speaking, similar products limit their investment objects to cash, money market funds, treasury bonds and corporate bonds.

and other fixed-income assets.

2. The proportion of investment in equity securities and stocks does not exceed 20%. The profitability is not very high, but the risk is relatively low. It is more suitable for investors who pursue stable returns.

Limited products include bond type and money market type.

3. Non-limited securities dealer collective financial products refer to investments with no fixed direction. In addition to the above-mentioned fixed-income assets, you can also invest in stocks, convertible bonds, closed-end funds, ETFs and other assets.

4. It can operate flexibly according to the trend of related investment varieties and pursue maximum returns as much as possible. The rate of return of this type of product depends on the management level of the securities firm. It is more suitable for investors who pursue high risks and high returns.

Among the non-limited products, there are mainly four types: stock type, hybrid type, FOF and QDII products.