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2.5 Investor Education and Financial Literacy ImprovementUnderdevelopment 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.The first batch of 85 index funds are included in personal pension investment. How will the expansion affect the market? Interpretation of many fund companies

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.To sum up, the inclusion of the first batch of 85 index funds in the personal pension investment catalogue not only responded to the guidance of national policies, but also brought more incremental funds and investment options to the market, which is expected to have a positive impact on the expansion and stability of the market.

The first batch of 85 index funds are included in personal pension investment. How will the expansion affect the market? Interpretation of many fund companies2.6 Economic growth and wealth effectImprove market efficiency: the transparency and low rate of index funds help to improve market efficiency, reduce transaction costs and increase investor participation.