You should know that the purpose of the upgrade of Yu 'ebao is to divert funds. After all, the currency scale of Tian Hong Yu 'ebao is too large to be controlled by the CBRC, so we launched two new money funds in the name of Bosera and Central Europe, but no one can buy the new funds, so when upgrading, the money in Tian Hong Fund will be transferred to the new fund.
The coins of Tian Hong Yu 'ebao are still "limited", and they are sold in limited quantities at 9: 00 every day.
When the operation is transferred to Yu 'ebao, select to transfer to products, and check "Tian Hong Yu 'ebao Fund".
Extended data
Risk control of fund scale of China Securities Regulatory Commission:
Chapter 8 of the Measures for the Supervision and Administration of Money Market Funds is a special provision on money market funds.
Article 29 of this chapter requires that fund managers should control the scale of money market funds managed by amortized cost method. For a money market fund managed by the same fund manager and accounted by amortized cost method, the total net assets at the end of the month shall not exceed 200 times the balance of the fund manager's risk reserve at the end of the month.
reference data
Yu 'ebao _ Service Hall _ Alipay
Yubao _ Baidu Encyclopedia
Measures of China Securities Regulatory Commission on the Supervision and Administration of Money Market Funds