There are two main points of dissatisfaction with the continuous "slimming" of Yu' ebao: First, it is increasingly difficult to limit purchases every day. Youbaofen said: "Now it's nine o'clock, you must find an APP, otherwise it will show that the quota for the day has been subscribed, and now it's up to luck to invest the money in Yu 'ebao. "
In addition to Yu 'ebao's "restricted purchase", the business of automatically transferring Alipay balance to Yu 'ebao was also stopped. A treasure powder once said: "On weekdays, I will transfer the money reimbursed by the company or the salary paid, but later the rules changed, but we still don't know. After several days, I found that the cash was not transferred to Yu' ebao. "
In fact, Yu 'ebao has developed into the largest monetary fund in the world since its establishment in June 20 13. Its fund scale is also expanding rapidly, and the prospect seems bright. But now the problem is coming. Why should Tian Hong Fund Team slim down Yu 'ebao through purchase restriction?
First of all, Yu 'ebao has standardized the trading rules several times before, mainly pointing to controlling the scale. Although the risk of the money fund is unlikely to occur, the risk of the money fund with a small probability is a warning. In addition, shadow banking cannot be allowed to grow, which is a lesson left to countries after the global financial crisis in 2008. On the eve of the financial crisis, America's cargo base expanded to nearly 4 trillion. However, even a trivial loss of funds may trigger a "run", and financial risks are constantly spreading and dividing.
By the end of the third quarter of last year, the scale of Yu 'ebao was 654.38+0.56 billion yuan, making it the largest monetary fund in the world. However, with the continuous expansion of the scale of Yu 'ebao and the fact that Yu 'ebao is a "T+0" monetary fund (which can be withdrawn at any time), the fund needs to be ready to deal with the large-scale redemption of users at any time and has the ability to advance huge sums of money for users in advance. But once the cargo base is large, it needs more liquidity preparation. Therefore, appropriately limiting the scale of the rapid development of Yu 'ebao is conducive to the smooth operation of Yu 'ebao.
Furthermore, prevent the spread of financial risks. The investment direction of China's monetary fund is relatively single, and more than 50% of the funds are invested in bank deposits. The monetary funds in Europe and America have a wide range of investments, including government bonds, certificates of deposit, commercial bills, government bonds and so on.
At present, the size of China's monetary fund exceeds 6 trillion yuan, and most of it is invested in bank deposits. If its liquidity risk is transmitted to the banking system, the risk may be amplified. In fact, as a monetary fund, Yu 'ebao has higher income than bank deposits, but the risk is definitely greater than bank deposits.
Finally, the principle of making money for baby goods base now is to pool users' funds by "gathering sand into a tower" and then negotiate with banks, not to mention that there are trillions of funds like Yu 'ebao, that is, if you are a goods base of several billion or even billions, banks will also offer higher interest to goods bases with financing needs. As a result, not only the cost of bank financing has risen sharply, but also the big move of bank deposits has occurred from time to time in recent years after the advent of mutual financial management.
Obviously, the development of Yu 'ebao's cargo base will lead to the increase of bank financing costs and the serious loss of a large number of deposits. In fact, the existence of Yu 'ebao actually increases the chances of idle funds in China's financial system, but it is not beneficial to the development of China's real economy. Therefore, controlling the scale of Yu 'ebao and promoting its steady development will contribute to the rapid recovery of China's real economy.
In fact, how to allocate wealth management assets and what kind of safe and reasonable investment strategy to adopt has been a hot topic on the Internet since the "slimming" of Yu 'ebao quota. For ordinary investors, in the past, all the funds were put in Yu 'ebao. Now, if all the extra money goes to buy stocks, there is no high reserve knowledge and investment ability in this respect. Therefore, since the purchase restriction of Yu 'ebao, it has become a trend for a large amount of funds to return to bank deposits.
In this regard, we believe that investors can invest in different products according to different risk preferences. On the one hand, for those investors who hate high risks, after the purchase restriction of Yu 'ebao, they can pay attention to more than 300 other money market funds, and the yield is generally above 5%, so they can appropriately diversify their investments in different fund companies.
On the other hand, for those more radical investors, some funds can be invested in money funds and a small part in partial stock funds, and diversified asset allocation can be carried out appropriately to obtain higher investment returns and reduce investment risks. Of course, due to the escalating global trade conflicts, the uncontrollable risks in financial markets are definitely higher than the normal level, and investors should pay special attention.
Yu' ebao frequently adjusts the purchase restriction standard, and it is difficult for Bao powder to buy funds. Yu 'ebao actually wants to control the scale of the cargo base for better operation. In addition, the regulatory authorities also hope that the scale of Yu 'ebao will not expand too fast to prevent the spread of financial risks. And avoid a large loss of bank deposits, leading to a sharp rise in financing costs of financial institutions. For ordinary investors, there are more baby funds in the market for you to choose from. At the same time, partial stock funds are also a direction for users to switch to.