In June 2022, Jia Youbao did not manage money. According to relevant public information, refueling treasure is a two-in-one platform focusing on consumer discounts and capital appreciation, providing services such as refueling card recharge and wealth management. It is found that refueling treasure is more like the integration of consumer rebate and financial platform, and more like a capital transfer station. In fact, the refueling platform has generated a huge pool of funds. Some insiders pointed out that the positioning and function of refueling treasure is similar to that of shadow banking outside the supervision system, which not only has maturity mismatch, but also provides credit conversion and financing loan intermediary functions.