executive order for digital currency, snippets

2.4 Optimization of capital market structureUnderdevelopment 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. The influence of index funds into individual pensions

By investing in index funds, personal pension is expected to share the dividend of national economic development and realize the preservation and appreciation of personal pension reserves. According to the principle of economics, long-term capital entering the market will help promote economic growth. At the same time, the appreciation of pension assets is also expected to enhance the wealth effect of residents and further promote the steady improvement and long-term improvement of the economy. This effect plays an important role in coping with the aging population and promoting social harmony.1.2 Impact of market expansionTo sum up, the inclusion of the first batch of 85 index funds in the personal pension investment catalogue not only responded to the guidance of national policies, but also brought more incremental funds and investment options to the market, which is expected to have a positive impact on the expansion and stability of the market.

The 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.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.1.2 Impact of market expansion