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How does the adjustment of daily limit of yu'ebao affect the maximum amount of subscription of yu'eb

for many investment and financial management Xiaobai, many people like to put money in yu'ebao. Recently, yu'ebao has restricted purchase again, which is the third time in the year. What's the limit of yu'ebao this time? Follow Xiaobian, it seems that it has no impact on most users!

On the evening of December 7, Tianhong Fund announced that it would adjust the subscription amount of yu'ebao single day (natural day) to 20000 yuan, that is to say, it would not accept the application of the investor's individual trading account that has accumulated more than 20000 yuan per day. The measure will be implemented from 0:00 on December 8.

Tianhong Fund said the move is to maintain the stable operation of yu'ebao and safeguard the fundamental interests of investors. At the same time, the provisions on the amount of RMB 100000 held in the personal trading account of yu'ebao remain unchanged. In addition, this adjustment will not affect other service functions such as transfer out of yu'ebao. Previously, on May 27, yu'ebao's personal trading account limit was reduced from 1 million yuan to 250000 yuan, and on August 14, it was again reduced to 100000 yuan.

Yu'ebao's scale is now down

On December 7, the head of Tianhong Fund said in an interview with 21st century economic report that the average amount held by yu'ebao is only 3885.14 yuan, far lower than the limit of 20000 yuan per day, so the adjustment has no impact on more than 98% of yu'ebao users.

As the market continues to adjust, the monetary fund has always been this year's' sweet cake '. The ending net assets of yu'ebao once exceeded the short-term deposit balance of China Merchants Bank. However, after two reductions in the amount of personal holdings, its fund size began to decline.

On October 26, Tianhong fund disclosed the third quarter report of yu'ebao in 2017. As of the end of the third quarter, the scale of yu'ebao was RMB 1559.595 billion, with a quarterly growth rate of 8.93% compared with the scale of RMB 1431.805 billion at the end of the second quarter. However, compared with the scale of RMB 1567.003 billion when the second quota adjustment measures were implemented on August 14, there was a rare decline of RMB 7.5 billion.

According to the asset portfolio of yu'ebao in the third quarter, the fund is still dominated by fixed income investment, bank deposits and settlement provisions, accounting for 7.87% and 87.11% respectively.

'although most of yu'ebao's funds will eventually enter the banking system, as a cash management tool, there is still the possibility of similar deposits & lsquo; run & rsquo; in the excessive growth and scale, which needs to be highly concerned. 'said Dong ximiao, senior researcher of Chongyang Financial Research Institute.

Yu'ebao's adjustment of the amount of subscription is not the only one in the industry. According to wind statistics, 1677 funds from 97 fund companies have set the upper limit for large amount of subscription since this year, covering the main varieties on the market.

Wang Qunhang, an expert in the fund industry, said: 'it is also common for fund companies to actively adjust the amount of subscription in the industry, and moderate adjustment is indeed conducive to fund companies to better manage the operation of products. '

After yu'ebao has become the world's largest monetary fund, its overall scale tends to be stable, which is more conducive to its continuous creation of income for ordinary investors and Realization of its inclusive financial product value. Zhao Qingming, chief economist of CFIA Research Institute, once said that yu'ebao's self-discipline and jogging are mainly for the purpose of 'stability plus stability', reflecting its prudent and prudent management mode, which is beneficial to yu'ebao's long-term stability.