Saturday, October 24, 2020
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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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...