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I. Providing a long-term and stable source of funds for the capital marketMajor positive! Personal pension system is expected to be fully implemented.Fourth, the potential challenges to the capital market

I. Providing a long-term and stable source of funds for the capital marketAlthough the full implementation of the individual pension system has a positive impact on the capital market, we also need to pay attention to the possible challenges. For example, how to ensure the investment income and risk control of individual pension is an important issue. In addition, the inflow of personal pension may intensify the competition in the capital market and pose certain challenges to existing financial institutions and products. Therefore, when implementing the personal pension system, we need to fully consider these factors and take corresponding measures to deal with them.Although the full implementation of the individual pension system has a positive impact on the capital market, we also need to pay attention to the possible challenges. For example, how to ensure the investment income and risk control of individual pension is an important issue. In addition, the inflow of personal pension may intensify the competition in the capital market and pose certain challenges to existing financial institutions and products. Therefore, when implementing the personal pension system, we need to fully consider these factors and take corresponding measures to deal with them.

Fourth, the potential challenges to the capital marketI. Providing a long-term and stable source of funds for the capital marketSecond, promote product innovation in the capital market