2.4 Optimization of capital market structureThe first batch of 85 index funds are included in personal pension investment. How will the expansion affect the market? Interpretation of many fund companiesThe pressure on basic old-age insurance is increasing: with the aging population, the growth rate of basic old-age insurance fund expenditure exceeds the growth rate of income, and it is estimated that the basic old-age pension gap will be close to 3 trillion yuan by 2030.
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.Underdevelopment 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.
2.5 Investor Education and Financial Literacy ImprovementImprove market efficiency: the transparency and low rate of index funds help to improve market efficiency, reduce transaction costs and increase investor participation.1.3 data support