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1.2 Impact of market expansionMarket scale growth: The inclusion of index funds is expected to attract more individual pensions to participate, thus increasing market scale and improving market liquidity.2.1 Increased market liquidity

Improve market efficiency: the transparency and low rate of index funds help to improve market efficiency, reduce transaction costs and increase investor participation.1.2 Impact of market expansionBy investing in index funds, personal pension is expected to share the dividend of national economic development and realize the preservation and appreciation of personal pension reserves. According to the principle of economics, long-term capital entering the market will help promote economic growth. At the same time, the appreciation of pension assets is also expected to enhance the wealth effect of residents and further promote the steady improvement and long-term improvement of the economy. This effect plays an important role in coping with the aging population and promoting social harmony.

2.3 Market stability improvement1.2 Impact of market expansion1.2 Impact of market expansion