The previous answer is not detailed enough. I'll give you a detailed explanation.

For bonds, there are three ways

to sell directly and get cash. This may be a loss, but too much redemption is not enough, and cash is king.

buy back the pledge, get cash, pay some interest, get liquidity.

directly announcing a large redemption means that there is no money, so let's wait first. However, as a last resort, the fund company will not do this, which will have a bad influence. After all, if the customer is allowed to postpone the redemption or suspend the redemption, the customer will definitely be dissatisfied and will not buy it in the future.

preparation of Yu' ebao

1: all facilities and systems have been tested

2: logistics services

3: publicity and promotion of investment and wealth management products

4: after-sales service

5: emergency plan for emergencies

In addition to these, there are a large number of professional assets, and 85% of Yu' ebao's assets are deposits and repurchases. On that day, Yu 'ebao tracked the redemption data in real time all day, and arranged its own operations reasonably. In fact, the redemption on that day was 7%-8%, which was not very high. It is also very important that Alipay launched a red envelope grabbing activity in the early stage, which brought a large number of subscriptions for Yu 'ebao, which were not spent on the same day in double 11. Then the scale recovered rapidly, exceeding 1 billion yuan.

if you don't understand anything, you are sincerely welcome to ask; If you are lucky enough to help you, please adopt it in time! Thanks!