Yuebao and other money market funds have lowered their fees.

Several money market funds announced rate adjustments today. Among them, the largest money market fund in the market, Tianhong Yu'ebao, has decreased its custody fee rate from 0.08% annually to 0.07% annually. As of the end of June, the fund's size was 7932.19 billion yuan. Guoxin Guozheng Cash Incremental Income Fund has also reduced both management and custody fees to 0.2% and 0.07% respectively. Similarly, E Fund Margin Guarantee has lowered its management and custody fees to 0.15% and 0.05% respectively. Fund managers have stated that the main reason for these adjustments is to better meet the financial needs of investors.