Buying a live treasure is similar to opening a bank deposit account, but the essence is different. Bank deposit is to deposit funds in the bank, use these funds for investment income, and pay interest regularly. Lifelong Bao realizes asset appreciation by purchasing money funds, and users can apply for redemption of funds at any time, with higher freedom. Therefore, live treasure does not belong to bank deposits and is not subject to bank supervision, but Alipay and the corresponding fund companies are strictly controlled by national policies and regulatory agencies.
As an essential monetary fund wealth management product, active treasure has investment risks such as stock market, which is different from risk-free bank deposits. At the same time, there is no need to pay for the purchase or redemption of the live treasure, and the transaction circulation is extremely convenient, which can meet people's diversified needs in financial management and investment. Finally, it should be noted that users should be cautious when purchasing wealth management products to prevent property losses.