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2.3 Market stability improvement2.4 Optimization of capital market structure2.1 Increased market liquidity

Guide long-term funds to enter the market: Personal pension is a long-term fund, and its investment in index funds will help guide more long-term funds to enter the capital market and enhance market stability.1.2 Impact of market expansionUnderdevelopment of the third pillar: Compared with developed countries, the scale of the second and third pillar pensions in China is relatively low, which needs to be promoted through policy guidance.

According to official data, as of December 12th, the number of products that can be invested by individual pension in Public Offering of Fund has increased to 284, all of which have announced the establishment of Y share. This expansion is expected to have the following impact on the market:2.2 diversification of investment styleAccording to official data, as of December 12th, the number of products that can be invested by individual pension in Public Offering of Fund has increased to 284, all of which have announced the establishment of Y share. This expansion is expected to have the following impact on the market: