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2.5 Investor Education and Financial Literacy ImprovementMarket 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

1.2 Impact of market expansion1.3 data support1.2 Impact of market expansion

2.5 Investor Education and Financial Literacy ImprovementThe 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: