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1.2 Impact of market expansionIncrease investment options: Incorporating index funds provides more investment options for individual pension investors, enriches the product line and meets the needs of investors with different risk preferences.According to official data, as of December 12th, the number of products that can be invested by individual pension in Public Offering of Fund has increased to 284, all of which have announced the establishment of Y share. This expansion is expected to have the following impact on the market:

According to official data, as of December 12th, the number of products that can be invested by individual pension in Public Offering of Fund has increased to 284, all of which have announced the establishment of Y share. This expansion is expected to have the following impact on the market:2.1 Increased market liquidity2.3 Market stability improvement

2.6 Economic growth and wealth effect2.4 Optimization of capital market structureThe influence of the first batch of 85 index funds on market expansion is mainly reflected in the following aspects: