Yu E Bao. The Yu’e Bao fund had CNY972 billion (USD150 billion) of assets under management (AUM) and a market share of 11% at endMarch 2021 according to Wind Information Launched in 2013 it grew rapidly to become the world’s largest MMF before assets began to.
Caixin China curbs money market funds among them Ant’s Yu’e Bao Move aimed at ensuring liquidity of investments and lowering risk As of Sept 30 Tianhong Yu’e Bao had 7646 billion yuan in assets.
Yu’e Bao Wow! How Alibaba Is Reshaping Chinese Finance
Yu’E BaoYu’E Bao or “leftover treasure” launched in May 2013 by Tianhong Asset Management (51% owned by Ant Group) is an investment fund making money from interbank market as the Chinese government caps deposit interest rates on bank accounts Yu’E Bao was previously part of Alibaba Group and is now part of Ant Group and managed by Alipay.
UPDATE 1China tightens screws on big money market funds
As of June Yu’e Bao’s assets under management stood at 103 trillion yuan (US$150 billion) down from 169 trillion (US$267 billion) in March.
Regulatory Cap on Yu'e Bao May Affect Other Chinese …
A money market fund set up by a Chinese tech company as a repository for leftover cash from online spending has emerged as the world’s biggest.
Alibaba S Yu E Bao Becomes World S Largest Money Market Fund China Business And Technology News From April 28 2017 Supchina
fund becomes world Financial Chinese money market …
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China tightens screws on big money market funds fxempire.com
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Since May 2018 Yu’e Bao’s technology platform has begun integrating money market funds alongside the platform’s original fund managed by Tianhong Asset Management “Those computational.