5 million deposited in Yu'E Bao earns a day's profit.

If 5 million yuan is invested in the stock market, then 472 yuan will not be enough for one second. The minimum trading spread of A-shares is 0.01 yuan. If 5 million yuan is invested in a stock worth 10 yuan, then a fluctuation of 0.01 yuan will be 5,000 yuan.

For a boss with a cash flow of 5 million (note the cash flow), then 472 yuan is a very small amount, perhaps only equivalent to ten yuan for an office worker, which may not be enough for a meal, let alone a treat.

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Yu'e Bao's function of combining payment and consumption is not the first in my country. PayPal, a world-renowned online payment company, established a monetary fund operation model that utilizes account balances in 1999. It is the same as Yu'e Bao. However, since the financial crisis in 2008, the income level of U.S. monetary funds has been It dropped to 0.04 percent, a fraction of the peak of 5 percent in 2007.

PayPal's currency fund gradually lost its yield advantage and its scale continued to shrink. In July 2011, the currency fund had to be liquidated.

This does not mean that Yu’E Bao will definitely be like the monetary funds connected to PayPal. As long as social financing costs decrease, the corresponding income will decline, and people will not be able to love monetary funds so much.