Wednesday, January 27, 2021
Tags Yu'e Bao

Tag: Yu'e Bao

Yu’e Bao’s Money Market Funds Breach 2 Trillion Yuan in Scope, Returns Drop Below 2.5%

Money market funds that are currently available via Ant Financial's Yu'e Bao platform have seen a sizeable rise in their collective value...

Big Data Helps Drive 80-fold Increase in Yu’e Bao’s Money Market Fund Assets

Big data has helped to drive an 80-fold increase in assets under management for the 13 money market funds offered by Ant...

Seven Day Yield on World’s Biggest Money Market Fund Drops Nearly 40%

China's money market sector has expanded to record size despite the returns provided by Ant Financial's Yu'e Bao - the world's biggest money market...

World’s Biggest Money Market Fund Channels 80% of Investment towards Chinese Banks

The latest quarterly report from Alibaba affiliate Yu'E Bao indicates that the world's biggest money market fund is channelling the vast majority of its...

Ant Financial Claims Title of World’s Biggest Money Market Fund

A fund run by Ant Financial Services Group has emerged as the world's biggest money market fund less than five years after its founding. Ant...

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Virtual Lender ZA Bank Obtains Insurance Agency License in Hong Kong

One of Hong Kong's first virtual lenders has just obtained a license to also operate as a virtual insurance agency less than...

Chengdu to Issue 50M Yuan in Digital Renminbi via Record-sized Lottery

The Sichuan province capital of Chengdu is the latest Chinese city to stage trials for the issuance of the digital renminbi via...

Automaker Geely Establishes Fintech Investment Vehicle

Privately held automaker Zhejiang Geely Holding Group (浙江吉利控股集团有限公司) is seeking to expand its presence in the fintech sector with the launch of...

China Authorises 530,000 Patents in 2020, Patent Pledge Financing Rises over 43% YoY

The China National Intellectual Property Administration (CNIPA) says it approved 530,000 patents in 2020, bringing the total number of domestic patents in...