A sign for Ant Financial’s Alipay payment system. The affiliate of Alibaba Group Holding distributes the Yu’e Bao money market fund, which manages money transacted through Alibaba’s e-commerce platforms. Photo: Bloomberg

China’s giant Yu’e Bao money market fund riskier than US rival, Fitch says

The fund has most of its assets in time deposits at Chinese banks, whereas its US counterpart, run by JPMorgan, invests in US government debt

Topic |   Investing

TOP PICKS

A sign for Ant Financial’s Alipay payment system. The affiliate of Alibaba Group Holding distributes the Yu’e Bao money market fund, which manages money transacted through Alibaba’s e-commerce platforms. Photo: Bloomberg
READ FULL ARTICLE