The treasure was officially launched this April.

Abstract: First of all, it is necessary to explain that the treasure is not a single product, but the small micro-gold clothing subsidiary of Shanghai Fortune Financial Information Services Co., Ltd. Investment banking platform, behind the docking is about 40 financial institutions. Including Banks, base

The first thing to be said is that "recruit treasure" is not a single product, but small micro-gold clothing subsidiary-Shanghai Fortune Financial Information Services Co., Ltd. Investment banking platform, behind the docking is about 40 financial institutions. Including banks, funds, insurance companies and other financial institutions issued by the various types of regular financial products, as well as SMEs or personal financiers issued by the loan products. The treasure was officially launched in April this year.

Treasure Platform recently launched the introduction of the function is actually a fixed deposit + personal loans combined with financial products. In general, we keep our money on a regular basis to achieve higher returns, whereas in advance we will be based on a lower current income. The treasure-taking feature allows the user to take out a portion of the money at any time, while the remaining funds continue to be calculated at the regular rate of return.

In fact, this service is connected to another service--personal loans. The money that the user comes up with does not come from a regular cash flow, but rather a return to the personal loan channel, which has a interest rate of 2 per thousand. Logic should be, in the original accumulation of capital pool unchanged, to ensure the user's profitability, the extra money to lend.

Treasure and the general financial products platform, the advantage lies in its user data, including financial assets data and behavior, credit data will be real-time synchronization in small micro-gold service large Data system, you can timely credit rating, assessment of risk. This is also connected with the personal loan mentioned just now.

At the same time, the balance treasure and recruit treasures on the products can be opened at any time. My understanding of the product logic is that the balance treasure flagship fragmentation + discretionary finance, and the Treasury of the products on the larger number and more long-term/regular investment, equivalent to the simultaneous provision of current and term deposits, and bank deposits are no different.

The interest rate may be the user's most concern, according to the official data, currently, "treasure" platform for financial products, the expected annual yield of 5.4% to 7%, the period is 3 months to 3 years. Temporarily does not have own website or the app, the transaction is completes on the Taobao platform.