Jing Ji Guan Cha Wang·2025-08-13 06:01Core Insights - The Industrial and Commercial Bank of China (ICBC) has announced a significant expansion of its "Tian Tian Ying" cash management service, now offering the "Tian Tian Ying No. 1" product from Huabao Fund, which has a minimum investment threshold of just 0.01 yuan [1] - The service is linked to 106 high-quality money market funds, providing a quick redemption limit of 10,000 yuan per fund per day, with features like 24/7 quick redemption and real-time fund availability [1] - Huabao Fund has a strong track record in fixed income, with total assets under management reaching 215.7 billion yuan as of June 2025, and a diverse range of fixed income products catering to various investor needs [1][2] Company Performance - Huabao Fund emphasizes the integration of research, investment, and trading in its fixed income business, aiming to enhance liquidity management and risk control [2] - As of June 2025, Huabao Fund's fixed income assets achieved a return of 4.88% over the past year, ranking in the top 10% of the industry [2] - The current downward trend in risk-free returns and the reduction of bank deposit rates below 1% create a favorable environment for the "Tian Tian Ying" service, appealing to investors seeking a balance between yield and liquidity [2]