Core Insights - The seven-day annualized yield of over 80 money market funds has fallen below 1% as of October 16, yet the scale of money market funds has increased this year [1] - As of the end of August, the total scale of money market funds in China reached approximately 14.81 trillion yuan, an increase of 1.2 trillion yuan compared to the end of last year [1] - The most significant growth in money market funds occurred in the first seven months of the year, with an increase of over 1 trillion yuan, surpassing the 14 trillion yuan mark for the first time in May and maintaining this level for four consecutive months [1] Industry Analysis - The notable increase in money market fund scale is attributed to their advantages in liquidity management compared to bank deposits [1] - Recent volatility and uncertainty in the equity market have led some investors to temporarily allocate funds to money market funds as a transitional demand, rather than investing in bond or stock funds [1] - Money market funds are characterized by low entry barriers, low risk, and high liquidity, and some funds have integrated shopping scenarios to attract younger investors based on their consumption preferences [1]
收益率“破一”需求仍旺盛 前八月货币基金规模增加1.2万亿
Sou Hu Cai Jing·2025-10-20 03:10