Will Lingqiantong eat up the principal?

In the following operations, the operating environment is Android and any version of the mobile phone software is opened:

Hello, Lingqiantong will not eat up the principal. Lingqiantong is a financial management service launched by WeChat, an application launched by Tencent on January 21, 2011. Tencent will not misappropriate users' personal property, so there is no situation where Changqiantong eats up the principal. However, risks exist objectively, and users may lose their principal.

Users can transfer funds from Lingqiantong to their bank cards to reduce principal losses when they lose principal. The situation of eating up the principal exists in high-risk investments, and users may face investment risks and the risk of the investor running away. Lingqiantong is connected to monetary funds, which has lower risks and lower returns.

According to different investment objects, funds can be divided into stock funds, hybrid funds, currency funds, and bond funds. Monetary funds have the lowest risk and relatively low returns. Monetary funds are suitable for investors with weak risk tolerance.

Lingqiantong provides users with a variety of financial services, supporting transfer-in, transfer-out, payment and other functions.

Transfer: Transfer WeChat change or funds from bank cards to Lingqiantong.

Transfer out: Transfer the funds in Lingqiantong to WeChat or bank card (only funds transferred in by bank card can be transferred out).

Payment: You can use Lingqiantong when paying with WeChat. Lingqiantong can be used directly to send red envelopes, transfer money, pay back credit cards, etc.

Lingqiantong is a monetary fund product launched by a subsidiary of Tencent in cooperation with a number of financial institutions that can be used for payment. Users can use the money in Lingqiantong directly for consumption, such as transferring money, sending red envelopes, scanning QR codes to pay, and paying off credit cards, etc. At the same time, when the funds are not used in Lingqiantong, you can automatically earn income. Bank card transfers are free of charge, making it easy to earn temporary income from transferred funds; you can also set up automatic transfer of salary cards, automatically transfer pocket money every month, earn while doing it, and automatically generate bills.

Users can activate or use Lingqiantong through WeChat-Me-Payment-Wallet-Zhangqiantong. Users can transfer WeChat change or bank debit card funds to Lingqiantong. Funds transferred from bank cards can be transferred back to bank cards or change for free. Funds transferred from change can only be transferred back to change. There are no procedures for transfer in or out. fee.

Lingqiantong provides sales services of currency fund products by fund sales agencies, and fund companies provide operation and management services of currency funds. Users transfer funds to Lingqiantong, which means they purchase the currency fund products of their choice and enjoy the currency fund income. Please see the subscription page for details of the corresponding sales agencies and monetary fund product names. [4]

During the fund sales process, fund sales agencies provide investors with services such as fund product promotion, account opening, subscription, subscription, redemption, and transaction information inquiry. The sales agency does not directly provide fund products and does not participate in product investment operations. As a provider of fund products, fund companies manage fund operation activities such as the collection of fund products, the investment of fund assets, and income distribution in accordance with the relevant requirements of laws and regulations. When users purchase relevant currency fund products through Lingqiantong, they need to carefully read product-related materials such as fund contracts and prospectuses, carefully understand the investment risks of the products, fully consider their own risk tolerance, and make investment decisions independently.

No handling fees for depositing and withdrawing at any time: Users can transfer funds from WeChat change and bank savings cards to Lingqiantong at any time. Funds can also be transferred out at any time. There are no handling fees for Lingqiantong fund transfer in or out. Funds transferred to Lingqiantong through bank cards can be transferred out to bank cards for free.

Payment is possible: Users can use Change to send red envelopes, transfer money, and spend money.

Daily calculation of income: Interest is calculated daily on the user's Lingqiantong balance. If it is transferred before 15:00 on the trading day, the income will be calculated on the second trading day. In case of weekends or holidays, it will be postponed. Income for the day = (Lingqiantong account funds/10,000) * income per 10,000 shares of the product announced by the fund company on that day.

Funds are safe: WeChat Pay has bank-level security technology, payment password and mobile phone text message double verification, and the United People's Insurance Company provides millions of guarantees.

Low investment risk: Lingqiantong itself is a monetary fund, which is safe among various investment types.