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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.1.2 Impact of market expansionAfter being included in the index fund, the funds in the individual pension account will enter the market as incremental funds, which will significantly improve the market liquidity. According to official data, as of December 12th, the number of Public Offering of Fund products that can be invested in personal pension has increased to 284, and it is estimated that the scale of new funds will reach several hundred billion yuan. This scale of capital inflow will provide stable liquidity support for the market and reduce the sensitivity of the market to short-term capital fluctuations.

The influence of the first batch of 85 index funds on market expansion is mainly reflected in the following aspects:2.3 Market stability improvement2.2 diversification of investment style

2.4 Optimization of capital market structureThe influence of the first batch of 85 index funds on market expansion is mainly reflected in the following aspects:2.4 Optimization of capital market structure