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Third, help the high-quality development of the capital marketFourth, the potential challenges to the capital marketMajor positive! Personal pension system is expected to be fully implemented.

I. Providing a long-term and stable source of funds for the capital marketThe personal pension system is expected to be fully implemented, which means that China's old-age security system will be further improved, and it will also have a far-reaching impact on the capital market. The following are my views on the impact of this move on the capital market:I. Providing a long-term and stable source of funds for the capital market

Major positive! Personal pension system is expected to be fully implemented.Fourth, the potential challenges to the capital market