国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

Central bank will not outlaw Yu'ebao

(chinadaily.com.cn) Updated: 2014-03-04 16:08

Central bank will not outlaw Yu'ebao

Zhou Xiaochuan, governor of the People's Bank of China, takes interviews during the Second?Session of the 12th National Committee?of the CPPCC in Beijing, March 4, 2014. [Photo/icpress.cn]


The People's Bank of China will not ban Yu'ebao, said governor Zhou Xiaochuan, on Tuesday, soothing jittery users of the service which has poached traditional financing long dominated by banks, Xinhua reported.

Yu'ebao, run by Tian Hong Asset Management and online payments provider Alipay, a division of China’s e-commerce heavyweight Alibaba Group, tempts users with its high yield rate when allowing Alipay customers to invest in their accounts with the Tianhong Fund.

Its seven-day average annualized return rate peaked at 6.763 percent on Jan 2, while it slumped to 5.97 percent on Sunday, dipping below the 6 percent threshold for the first time.

Despite the disappointment, the service still reported 81 million users as of last month, according to data released by the Tianhong Fund. Total deposits stood at more than 400 billion yuan on Feb 14.

The rapid growth of the service also spurred concerns over underlying risks and calls for preemptive curbing measures.

Niu Wenxin, executive editor of CCTV's Stock Information Channel, called Yu'ebao "a vampire feeding on the blood of banks" and urged authorities to ban it.

Hot Topics

Editor's Picks
...
...
壶关县| 喀什市| 绥宁县| 福建省| 松江区| 平利县| 邵东县| 西丰县| 贵阳市| 东辽县| 三穗县| 镇江市| 鹤庆县| 四子王旗| 武功县| 五常市| 璧山县| 体育| 沂源县| 毕节市| 烟台市| 凌云县| 图木舒克市| 蓬安县| 通道| 额尔古纳市| 镇远县| 民勤县| 红桥区| 南通市| 平阴县| 武冈市| 平乐县| 通江县| 达州市| 白银市| 枣强县| 玉田县| 东城区| 沙田区| 叶城县|