According to Jinshi, despite the Fed's interest rate cuts and a series of industry reforms taking effect, investors are still pouring into U.S. money market funds. Data from the Investment Company Institute showed that as of the week of October 2, the size of money market funds increased by about US$38.7 billion, with total assets reaching a record high of US$6.46 trillion. The single-quarter inflow of funds was the largest since the banking crisis in March 2023.