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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 expansion2.4 Optimization of capital market structure

2.4 Optimization of capital market structure2.3 Market stability improvement

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.2.1 Increased market liquidity1.2 Impact of market expansion