Yu'ebao announced the opening of the first batch of Sino-European funds to settle in
May 03, 2018 21:20 China Economic Net
.
China Economic Net, Beijing, May 3. The "Yue Bao" account will be officially opened on May 4, introducing two new cargo bases such as China-Europe Rolling Money Treasure, opening the 2.0 era of platform-based operation. It is reported that after the launch of Zhongou Qianqianbao, all functions of Yu’e Bao will be “one-click copy”, and the income will be settled every day, which is expected to greatly improve the user service experience of Yu’e Bao platform.
Regarding the further cooperation between China Europe Fund and Ant Wealth, Xu Xin, deputy general manager of China Europe Fund, said in an exclusive interview with reporters that the two parties are cooperating in the same strategic direction and are committed to providing investors with first-class products and high-quality services.
Open platform to improve services
As a pioneering work in the field of Internet finance, Yu’ebao has attracted 370 million users in just five years since its launch in 2013. Previously, the currency fund under Tianhong Fund was the only fund product connected to the Yu’e Bao account.
"The introduction of new fund products in Yu'ebao not only reduces the risk of product concentration and liquidity at the system level, but also improves the service experience of ordinary people (77.680, -0.01, -0.01%)." Central University of Finance and Economics Bank of China (3.800 , -0.02, -0.52%) said Guo Tianyong, director of the Industry Research Center.
According to Zuo Ming, Vice President of Ant Financial’s Wealth Business Group, the most important basis for the cooperation of Yu’e Bao accounts this time is to comply with the product characteristics of Yu’e Bao’s inclusive finance. "In addition to meeting the regulatory requirements for fund companies' risk reserves, we are more interested in the sound investment of fund companies."
As a unique fund company in the industry, China Europe Fund is known for its investment team and product performance. It is reported that CEIBS fund investment professionals account for nearly 50% of the company's total number of employees, with an average of nearly 10 years of experience in the industry. According to data from Galaxy Securities, as of the end of 2017, CEIBS’ equity investment capability ranked first in the industry in the past six years, and its equity funds had an average yield of 233.82%.
In the Internet field, China Europe Fund has come from behind by virtue of its characteristic services, product experience and self-developed technical strength. Its CEIBS Qiangun platform is unique in the industry with first-class customer experience. The cooperation with Ant Financial, from the fund sales agency, to the entry into the Ant Fortune account, and the provision of pre-sales and post-investment services covering the customer's life cycle. It is reported that the repurchase rate of China Europe Fund's public funds on the Ant platform reach more than 80%.
Performing their respective duties to do a good job in inclusive finance
Xu Xin said that in order to serve Yu’e Bao customers well, China Europe Fund has made adequate preparations in investment management, risk control, technical services and other aspects.
In terms of investment management, China Europe Fund has set up a special investment strategy group to coordinate matters related to monetary fund investment. The company has also formulated a series of liquidity-related risk management measures, including liability-side management, asset-side management, long-term capital analysis and early warning, intraday liquidity monitoring and early warning, etc.
At the technical level, at present, the related systems of the "Yue Bao" project can handle 10,000 concurrent transactions per second, ensuring that transactions are processed in milliseconds, and fully technically prepared for the possible peak of user transactions.
In addition, China Europe Fund has also established a big data service team, including product managers, technicians and data analysts, and strives to predict the application and redemption situation through data analysis, so as to ensure the smooth operation of the return rate of Qianqianbao.
It is worth mentioning that, in addition to monetary funds, China Europe Fund is committed to exporting its investment and research capabilities with financial technology to provide investors with personalized asset allocation services. It is reported that the "Water Drop Intelligent Investment" series of fund portfolio services launched by CEIBS have been made public to customers, and a customizable personal pension portfolio has also been launched. The above business also supports export to cooperation channels.
"The scale of assets under management has never been the goal pursued by CEIBS." Xu Xin said, "The Internet has the advantage of serving a large number of customers as a platform, while CEIBS Fund is known for its investment capabilities. We expect the two institutions to leverage their strengths, supplemented by financial technology, Provide investors with first-class performance fund products and high-quality customer service."