Balance treasure precedents internationally. However, this does not prevent a variety of conflicting views sequentially from. For example, some people think it's just an innovative way to buy the IMF, while others believe that it is already the bank. As another example, some people think it pushed up market interest rates, while others think it's benefits and there is no causal relationship between market interest rates. So different point of view, some because they have different views of different observers, some of it is because the balance of this financial innovation treasure in itself, the boundaries are not so clear. Paypal (an Internet service provider headquartered in San Jose, California, USA) is the universally recognized master of balance treasure, for its U.S. financial regulators had tangled before, had no clear idea in the end is not the treat it Banks see. According to the balance of treasure their announcement shows that the balance is actually a treasure Monetary Fund. Specifically, when a customer to take out the money from the bank, dump the treasure in the balance, when in fact he is the money used to buy a so-called Monetary Fund. The IMF, is to bring together the vast majority of the money, in the form of large, fixed deposits in the bank to go, another small amount of money to buy bonds. Naturally, the IMF rely mainly on large, interest on bank deposits to money. So in essence, the balance of the money saved to treasure, and his hand took the money to buy the bank counter Monetary Fund is one thing. Balance treasure is "parasites" - someone from inside a hidden chain saw, that since the balance of the customer's treasure finally put money in the bank to rely on bank interest to eat, which actually and directly to the customer's own bank saving money is no different. Why not let yourself go to the bank customers save it? Them to assume the balance of treasure so dry purely cross into the middle of a bar, a bank, "parasites", disrupting the market, to the national lifeline - Bank - chaos! Indeed, in a market economy, to do "parasite" generally requires a unique resource, such as a variety of "Qindie", "godfather" monopoly franchise. If there are two paths you can go to the bank to save money, people choose to go this route Balance treasure, but did not choose to go directly to counter this road. According to common sense to know, people think it should be, the balance of this treasure to the bank to save money for a better way to go. Or, take the balance of treasure this way we can get some convenience or advantage. Since it is the balance of treasure from a second election win, and rely on their own skill, how to "parasitic"? But to see the balance of treasure, or to return to its entire business model, a close look at it in the end is how to earn money for. We first consider things simple. No balance treasure before assuming the market there are two people, one bank, one savers, depositors put money in the bank, the bank returned to the depositor relatively low interest rates. When the balance of treasure appears, the market will become banks, depositors and balances treasure 3 people. Balance treasure actually play an intermediary role between the depositor and the bank. This intermediary like "buy promoters': small" savers "who the money is no longer a bank deposit to a decentralized manner, but rather by the balance of treasure collected, 1000, 2000, collected after several thousand million million through the so-called Monetary Fund, and then go to the bank. Difficult to understand, "buy" and "casual purchase" There is an important difference, one into the wholesale market, to enter the retail market. For most people, to enter the wholesale market of course is a good thing, then the price can buy things cheaper, then you can sell things puerile. However, most people traded volume too, reach the threshold of wholesale only be disappointed. The balance of treasure to do is send your money set up to help one retail deposits into the "wholesale" from the deposit "retail market." This of course is a good thing in terms of retail. In fact, the market is also a good thing. 30 years of reform and opening up, who will say, something in between the wholesale and retail markets turn to buy, resell a "parasite", "vampire"? Who said, "buy" disrupt the market stability, exploitation sellers and buyers? ! Why dominate the balance of treasure should be noted that it is in our country under the current exceptional market conditions, the balance of treasure "buy" it has a special role in the impact. This particular market condition is no market interest rates. Specifically, according to China's current interest rate policy on bank deposits "retail market" - that is, an ordinary savers to deposit, the maximum interest rate banks can offer is subject to the policy limit, that is to give ordinary savers rates can not exceed a certain level, otherwise it is illegal. In fact, the interest rate is very low. But in the bank's "wholesale" on - that is, millions, tens of million of the money to the bank fixed deposit, time deposit agreement, the interest rate banks can offer is not subject to policy restrictions, and follow the market, than " retail market, "much higher. The balance of this treasure "buy organization", because to get through the deposit "wholesale" and "retail market" boundaries, making the original deposit a decentralized savers get in the "wholesale" to go, do not enjoy the original, relatively high "wholesale" level of interest rates to enjoy. It is also much higher than bank interest rates Bao balance with demand, the key reason deposit interest rates. So people see that one end is the low interest rates, and the policy can only be so low deposit "retail market", and the other end is relatively high deposit interest rates, "the wholesale market." The same amount of money to put two different places of interest, but certainly it will help someone out depositors money from "retail market" moved "wholesale." Yes! Balance treasure is not the only one. Various existing currency funds, banks own a number of financial products, have the money to move the function. So why would the balance of dazzling dazzling treasure it? Because it is innovative: a yuan deposit, "Li Cunli take", also linked to Paypal, the phone can operate. Click on micro-Chi Ma has created the official website of the micro-micro-mall http://www.ruiec.net/register.aspx?id=guoyajun2009