Baifa sells 1 billion 3 hours

Following Baidu’s first wealth management product, Baidu Finance B, was sought after on Monday, Baidu will launch a new product today. According to its official website, Baiyin Financial's “100 Earnings” launched this time is still Huaxia Cash Plus, which cooperates with the Huaxia Fund.

It is understood that Huaxia Cash Increases E’s annualized yield on the 7th day of October 29, which is 4.772%. This product mainly invests in national bonds, central bank bills, bank deposits, etc. with a maturity of less than one year. It is highly safe and stable. The financial instruments have no direct connection with the stock market and the risk is relatively low. Since its establishment, the fund has not experienced negative returns. Wind data shows that the return of money funds this year is between 3.5% and 5%.

Compared to the previous Baidu Finance B, "100 earned" no quota limit, unlimited buy. Although the yield of 4.772% of “Bai Lian” is enough to attract eyeballs, some netizens still dare not to be optimistic about this product. "I have to wait until October 31 Baidu Finance B's yield comes out before deciding whether to purchase it. If the yield is only about 5%, then it is certainly not attractive." Successfully snapped up Baidu Finance on October 28th. Miss Wu, the investor of B, said this.

"When I bought Baidu Money B, I paid for 8% of their return. If the yield is similar to balance, then I definitely want to buy Yu'e-Ba, because the customer experience there is better." Another investor Mr. Huo Say.