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China's Top Money Market Fund Yu'ebao Sees Annual Yield Almost Halve - Yicai Global

Retrieved on: 2024-12-31 12:25:42

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The article discusses how Ant Group's fintech-based money market fund has seen reduced yields due to China's central bank interest rate cuts. Despite lower returns, demand for these funds has grown, driven by a moderately loose monetary policy and competitive returns compared to bank deposits.

Article found on: www.yicaiglobal.com

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