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I. Providing a long-term and stable source of funds for the capital marketThird, help the high-quality development of the capital marketThird, help the high-quality development of the capital market

Fourth, the potential challenges to the capital marketFourth, the potential challenges to the capital marketThird, help the high-quality development of the capital market

After the personal pension system is fully implemented, more funds will flood into the capital market. These funds are usually long-term and stable, which helps to provide a steady stream of "living water" for the capital market. These long-term stable funds will contribute to the healthy development of the capital market, reduce short-term fluctuations in the market and enhance market stability.