Ant Financial said that this is an overall upgrade of the function of Yu 'ebao. The sales model has been changed from direct selling by fund companies to online banking, which provides users with more choices, while the function of real-time consumption payment of Yu 'ebao has not changed. The reason for the previous purchase restriction of Yu 'ebao was precisely to prevent the spread of risks. The variety of domestic money funds is relatively single, and the bigger the balance treasure, the fund company must advance more funds to ensure the liquidity of the fund. Now that two new money funds have been diverted, the risk has been reduced.
Previously, the central bank, the China Securities Regulatory Commission and other four ministries and commissions jointly issued the Guiding Opinions on Regulating the Asset Management Business of Financial Institutions. The new regulations are clear, and the asset management business must not promise to protect the capital and protect the income, and break the rigid redemption. Even Yu 'ebao allows losses, and no longer promises to protect capital and interest. In addition, under the new regulations, the market value estimation method is adopted instead of amortized cost accounting method. In other words, the price of the fund fluctuates with the market.
Extended data:
Is Yu 'ebao risky?
Yu 'ebao is risky, but the risk is relatively small.
The specific risks are as follows:
The investment target of Yu 'ebao. Yu 'ebao is essentially a monetary fund. By the end of 20 18 and 10, Yu 'ebao had connected to eight money funds, mainly investing in securities such as central bank bills, government bonds, corporate bonds and bank time deposit certificates, with relatively low risk.
The risk of the account itself. In this regard, many users are worried about the risk of account theft. However, Alipay has taken multiple protections for this, and there is also account security insurance in Alipay, which can greatly protect the safety of users' funds.