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2.2 diversification of investment style2.5 Investor Education and Financial Literacy ImprovementGuide 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.

The expansion of individual pension system is an important step in the development of multi-level pension insurance system in China, aiming at meeting the challenges brought by the aging population. According to the latest policy, the personal pension system will be extended to the whole country on December 15th, 2024, and the first batch of 85 equity index funds will be included in the catalogue of personal pension investment products. The implementation background of this policy is mainly based on the following points:The introduction of index funds provides more diversified investment options for individual pension investors. The first batch of 85 index funds cover broad-based index, dividend index and other categories, including Shanghai and Shenzhen 300 Index, CSI A500 Index, Growth Enterprise Market Index, etc. These index funds have clear investment styles and low rates, which can meet the needs of investors with different risk preferences. According to market analysis, broad-based index funds can reflect the overall performance of the market, while dividend strategy index funds focus on listed companies with high dividend ratio, providing a stable source of income for pension investment.

Improvement of market stability: the entry of long-term funds into the market will help reduce short-term fluctuations in the market and improve market stability, which is of positive significance to the healthy development of the capital market.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.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.