Yu'e bao china
May 15, 2017 YuE Bao, the worlds largest moneymarket fund, will cut its current 1 million yuan (145, 000) investment cap by more than half after receiving input from the Peoples Bank of ChinaRachel Wang, director of manager research in China for Morningstar, which ranks Yue Bao as the seventh biggest fund overall, added that it is subject to credit and liquidity risk. yu'e bao china
Jul 16, 2015 China's largest money market fund, Yu'e Bao, is offered by Alipay, a unit of Ant Financial, which is an independent company under the Alibaba umbrella; Yu'e Bao, which is an online offering, had around 578. 93 billion yuan (around 93. 25 billion) in assets at the end of 2014.
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Aug 17, 2017 YuE Bao, the worlds biggest moneymarket fund, still has potential to grow more even after it expanded at the fastest halfyear pace in three years in the first six months of 2017, according
Yue Bao Wow! How Alibaba Is Reshaping Chinese Finance. Founded in 1999 by former English teacher and tour guide Jack Ma out of his apartment in Hangzhou, an ancient city about a twohour drive from Shanghai, Alibaba has grown to become Chinas leading
Yue Bao, which translates as leftover treasure, has grown into Chinas largest money market fund in under three years. It is also the worlds fastest growing mutual fund.
Yuebao. Yuebao is Chinas first ever Internet fund specially designed for Alipay. It remains the largest money market fund in China, known in full as Tianhong Yuebao Money Market Fund.
Yu'E Bao, or leftover treasure set up in May 2013, is an investment fund making money from interbank market as the Chinese government caps deposit interest rates on bank accounts, under Alibaba Group and managed by Alipay, its size was RMB200 million (USD 32. 44 million), the biggest moneymarket fund in China and one of the biggest in the world.
Yu'E Bao's assets under management totaled 1. 43 trillion yuan at the end of June, accounting for about 28 percent of the combined size of China's money market funds market.
Yu'e Bao is successful because it can do what the traditional, governmentrun Chinese banks can't. Chinese banks operate under notoriously strict government oversight. Banks are limited in the amount of interest they can pay on invested funds to 3. 3 annually.
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