According to the regulations of the People's Bank of China, only bank deposits (current+fixed term) are risk-free, and all other forms of assets are risky.

The risk of money fund is very low. Money funds mainly invest in bonds, central bank bills, repurchase and other short-term wealth management products with high security. , the longest period cannot exceed 397 days.

Money funds do not charge subscription and redemption fees. Subscription is T+ 1, redemption is T+ 1, and T+2 is desirable, with high security, high liquidity and stable income.