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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.2.5 Investor Education and Financial Literacy Improvement2.3 Market stability improvement

2.6 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.

Increase investment options: Incorporating index funds provides more investment options for individual pension investors, enriches the product line and meets the needs of investors with different risk preferences.2.3 Market stability improvementAccording 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: