From June 6, investors in Ant Financial’s money-market fund Yu’e Bao will be only be able to transfer 10,000 yuan to their bank accounts on the same day. Photo: Bloomberg From June 6, investors in Ant Financial’s money-market fund Yu’e Bao will be only be able to transfer 10,000 yuan to their bank accounts on the same day. Photo: Bloomberg
From June 6, investors in Ant Financial’s money-market fund Yu’e Bao will be only be able to transfer 10,000 yuan to their bank accounts on the same day. Photo: Bloomberg
Tech /  Enterprises

Ant Financial reduces same-day withdrawals from its money market fund to manage liquidity risk

Topic |   Banking & Finance
Zen Soo
Zen Soo

Updated: 11:22pm, 15 May, 2018

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From June 6, investors in Ant Financial’s money-market fund Yu’e Bao will be only be able to transfer 10,000 yuan to their bank accounts on the same day. Photo: Bloomberg From June 6, investors in Ant Financial’s money-market fund Yu’e Bao will be only be able to transfer 10,000 yuan to their bank accounts on the same day. Photo: Bloomberg
From June 6, investors in Ant Financial’s money-market fund Yu’e Bao will be only be able to transfer 10,000 yuan to their bank accounts on the same day. Photo: Bloomberg
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