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2. The influence of index funds into individual pensionsMarket 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

2.1 Increased market liquidity2.6 Economic growth and wealth effectThe aging of the population is increasing: the proportion of people over 60 years old in China continues to increase, and it is expected to reach 29.9% by 2040, which poses great pressure on the existing old-age security system.

Market 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. The influence of index funds into individual pensions2.5 Investor Education and Financial Literacy Improvement