1. market interest rate fluctuation risk: the investment income of the money fund is related to the market interest rate. If the market interest rate rises, the income of the money fund will be affected.

2. Bond credit risk: The money fund invests in debt instruments such as bonds, and the bond issuer defaults on credit, which will lead to a decline in the net value of the money fund.

3. Network security risks: As Alipay Monetary Fund conducts online financial transactions, there are certain network security risks and technical risks. The user's account information will face the risk of being stolen, leaked or other network security threats.