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1.3 data support1.3 data supportUnderdevelopment 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 companies2.6 Economic growth and wealth effectThe influence of the first batch of 85 index funds on market expansion is mainly reflected in the following aspects:

2.1 Increased market liquidityMarket scale growth: The inclusion of index funds is expected to attract more individual pensions to participate, thus increasing market scale and improving market liquidity.2.5 Investor Education and Financial Literacy Improvement