due to the timing of the launch of the market in June 5, the inter-bank funds "shortage of money" days, the balance of treasure 6% annual yield was used for comparison with the bank deposit interest of 0.35%, which set off the balance of treasure speculation boom. July 17th, Alibaba launched the balance treasure full moon. Due to the timing of the launch of the market in June 5, the inter-bank funds "shortage of money" days, revenue monetary fund market is high, so the balance of treasure 6% annual yield was used for comparison with the bank deposit interest of 0.35%, which set off the balance of treasure speculation boom. Some critics said the balance of treasure will have a fatal blow to the bank.
worth mentioning is that the balance of treasure so that the value of precipitation funds, regardless of the customer, the fund, or financial innovation, there are lessons to be learned. But the balance of treasure is not a threat to the bank, as with two dollars to buy lottery tickets will not affect your financial situation.
balance treasure and demand deposits are not comparable
first, the balance of treasure and demand deposits are not comparable. The balance of treasure is the final purchase monetary fund, which funds are mixed, there is a risk, when the shortage of funds income is high, the balance of treasure users will get better returns; otherwise, there will be low returns or even losses, the history of monetary fund loss event occurred.
followed by the balance of treasure and Celestica fund cooperation, Celestica fund to buy monetary fund, the balance of the user’s income treasure Celestica fund investment strategy is closely related.
third, in any case, demand deposits can not only guaranteed, but also to ensure a certain amount of income, basically no risk; Yu Ebao in theory and reality, there may be a loss. In fact, even in the last month, there are loss accounts. In July 16th, the author and business expert Xiao Yu in China Economic Net TV commentary balance treasure, Xiao Yu, "money" magazine by a former editor of Ms. Zhang to test the performance and the balance of treasure earnings, in mid June by Alipay to the balance of treasure to 1500 yuan, a week later, again to check the balance of treasure found only the principal amount of 1360 yuan, 140 yuan loss. During this time, the editor did not do any shopping transfer operations. 17, the author confirmed the news to ms..
It is not scientific to compare
with deposits and funds.
‘s greatest contribution is the balance of treasure, the original precipitation in Alipay have invigorated, the balance of treasure for online shopping users with a participation in financial investment "left dinner".
impact on the IMF
in China, the IMF started late, about 10 years or so, the scale is not large, the total amount is about $500 billion. This can not be compared with the amount of millions of deposits.
balance treasure impact on the money fund market is quite large. Monetary Fund is an open-end fund to invest in the money market to invest in bonds, central bank bills, return