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The recent monetary policy easing by the government caused a drop in the 7-day annualized return rate offered by a number of China's online monetary funds cheap nike zoom vaporfly , experts said Wednesday.

According to a report put together by domestic finance service website RONG360 on its official website on Tuesday, out of the 68 online funds monitored by the website, only 10 had a 7-day annualized return rate of more than 5 percent, and 6 funds had a 7-day return rate of lower than 3 percent.

Most of these online monetary funds have seen their 7-day return rate drop in recent months. Yu'ebao, one of China's largest monetary funds co-launched by Alipay under domestic e-commerce giant Alibaba Group and Tianhong Asset Management Co (Tianhong), saw its 7-day return fall from around 4.6 percent at the beginning of January, to 3.46 percent on Wednesday.

Caifubao cheap nike hyperdunk 2017 , a monetary fund jointly operated by Internet giant Tencent Inc and China Asset Management Co, offered a 7-day return at 3.01 percent on Wednesday, compared to around 5.5 percent at the beginning of June.

The monetary fund named "Jindongxiaojinku", which is operated by e-commerce company Beijing Jingdong Century Trade Co together with two fund firms, saw its 7-day return fall to 2.74 percent Wednesday, down from around 7.0 percent at the start of May.

Another two online monetary funds Baidubaizhuan and Fuqianbao also saw their 7-day return fall to around 3 percent at the end of June, down from 4.2 percent and 5.1 percent respectively on April 1.

Xi Junyang cheap nike air more money , a professor with the Department of Finance at the Shanghai University of Finance and Economics, said that the majority of the money collected by online fund products like Yu'ebao is loaned to banks, mostly on a short-term basis, and at a relatively high interest rate.

"Online funds' return rate, which grows in proportion to the interest rate of their loans to the banks, is closely related with the liquidity in the markets. When banks are short of money amid tight liquidity, online monetary funds have relatively higher returns. Loose liquidity cheap nike epic react flyknit , on the contrary, would lower banks' needs for capital provided by monetary funds, and that would in turn lead to lower returns," Xi said.

Li Jing, who worked as senior account manager at China CITIC Bank, echoed Xi's views, saying that the monetary policy easing launched by the Chinese government in recent months cheap nike zoom vapor street flyknit , such as the interest rate cuts, have led to a drop in the return rate of online monetary funds.

A Shanghai-based account manager at China Construction Bank (CCB) who declined to disclose her name, told the Global Times on Wednesday that the government's efforts to ease the 75 percent loan-to-deposit ratio in recent months have also affected the return rate of monetary funds.

"Most commercial banks don't have enough deposits to meet the compulsory rule of 75 percent loan-to-deposit ratio. Therefore, they often need to borrow short-term funds at certain times of a year, when they undergo the loan-to-deposit ratio check," she said.

The CCB account manager also noted that as the requirements on loan-to-deposit ratio eased in recent months, banks had lower demand for short-term cash cheap nike air safari , and the interest rates charged by monetary funds fell accordingly, which hurt the funds' ability to repay the buyers of relevant products.

However, statistics show that some online funds continue to be popular among investors, even though their returns have dropped.

According to a report published by Tianhong on its website on June 15, the number of customers of Yu'ebao has grown steadily since the fund was established in June 2013, standing at 200 million as of May 31.

Lü Qiaoli, a Shanghai-based user of Yu'ebao cheap nike air footscape , told the Global Times on Wednesday that she didn't care that much about the product's return rate. "Safety and convenience are more important to me," she said.

For almost the entire weekend, the focus of Formula E's global launch in Beijing had been on everything other than the actual racing, but a dramatic crash ensured that racing grabbed the headlines after all.

A reckless defensive move by Nicolas Prost, son of four-time Formula One world champion Alain, saw Nick Heidfeld's car catapulted into the air, before coming to a stop upside down cheap nike little posite one , after what should have been a textbook late pass by the German. Incredibly, Heidfeld walked away unaided, but both he and Prost were out.

The new racing format had got off to a mixed start, with issues stalling some cars on the grid, and a five-lap safety car period eating up a fifth of the race early on.

Those who had come out to Beijing's Olympic Park were treated to the curious sight - and sound - of race cars whirring round a street circuit, with the noise of the cars comfortably drowned out by the dance music that was played throughout.

Only time will tell how popular Formula E proves to be around the world, but a crowd dominated by foreigners suggests that this new series hasn't been an instant hit in the world's most populous country.

But what the drivers did show is that electric vehicles can move seriously fast. While these cars might lack some of the straight-line speed of F1 cheap nike air max plus , they are every bit as quick on the corners, and the organizers have struck gold by racing on inner-city street circuits in some of the most exciting places in the world, rather than try to compete on the well-worn tracks of F1.

With municipal authorities in Beijing having invested a sizeable amount of money to host the opening round, the government will now hope that the excitement of the race can unlock something that has previously proved elusive - electric vehicle sales.

GUANGZHOU, Jan. 30 (Xinhua) -- Chinese research vessel, Ocean No. 6, on Tuesday finished a 219-day deep sea scientific exploration in the western Pacific Ocean and returned to the city of Dongguan in Guangdong Province.

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