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Yu'ebao purchase restriction on Alipay's balance automatic transfer function will be suspended from service

2018-02-01

  On February 1 morning news, according to Alipay, the "Yu'ebao automatic transfer function suspension announcement", in order to prevent the Yu'ebao money market fund scale from growing too fast and maintaining long-term and stable operation, from February 1, 2018 to March 15, Tianhong Fund Management Co., Ltd. will adjust the Yu'ebao service rules, during which the automatic transfer function will be suspended. Users can try to manually transfer at 9 o'clock the next day.

  The specific adjustment rules are as follows:

  From February 1 to March 15, 2018, Tianhong Fund Management Co., Ltd. will adjust the Yu'ebao service rules and set the total daily subscription amount of Yu'ebao until the purchase is completed on the same day.

  Yu'e Bao will be available for sale starting from 9 o'clock every day. If the subscription time is too late, it may be impossible to subscribe successfully because the total amount of Yu'e Bao on that day is full. Users can then transfer to the market after 9 o'clock the next day.

  Yu'ebao's transfer, consumption, income settlement, etc. will not be affected.

  Yu'ebao purchase restriction on Alipay's balance automatic transfer function will be suspended from service

  Announcement of automatic transfer of balance to Yu'ebao

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