Tianhong Yu'e Bao 7-day annualized yield officially fell below 1%.

"The people's financial management tool" - Tianhong Yu'ebao, with a 7-day annualized return rate officially falling below 1% on May 2nd. For individual investors, a yield below 1% means that the daily return on each 10,000 yuan held is less than 0.27 yuan. Some industry insiders believe that in a low interest rate environment, the low yield of money market funds may become more common, but the essential position of money market funds as a cash management tool will not change, and overall scale is expected to remain stable. Market institutions will also adopt auxiliary strategies, reduce fees, and take other measures to continuously enhance the market attractiveness of such products.