Inquired by enterprises, Puyin 120-day short-term debt fund is a short-term debt fund launched by Puyin AXA Fund, which has the characteristics of low risk and stable income. The Fund mainly invests in bonds with a credit rating of AA and above, as well as low-risk fixed-income varieties such as government bonds and central bank bills. Take strict risk control measures such as diversifying investment and controlling duration to reduce investment risks. Puyin AXA Fund Management Co., Ltd. is a Sino-French joint venture bank fund management company. Approved by the China Securities Regulatory Commission, it was formally established on August 5, 2007, with its headquarters in Shanghai. The registered capital of the company is RMB 19 1 100 million yuan, Shanghai Pudong Development Bank Co., Ltd. holds 5 1%, French AXA Investment Management Company holds 39%, and Shanghai Guo Sheng Group Assets Co., Ltd. holds 10%.