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According to Xinhua News Agency, on December 12th, the Ministry of Human Resources and Social Security and other five departments issued the Notice on the Full Implementation of the Individual Pension System. Since December 15th, the individual pension system has been pushed from 36 pilot cities (regions) to the whole country.The personal pension system will be extended to the whole country on December 15th, and product expansion has also become the focus. Today, the first batch of 85 equity index funds have been included in the catalogue of personal pension investment products, including 78 products that track various broad-based indexes.1. The Ministry of Human Resources and Social Security and other five departments: the individual pension system has been extended to the whole country since December 15th, and national debt and index funds have been included in the product range.

Heavy benefits hit, the CSRC once again enlarged the move, including 85 equity index funds into the investment scope of individual pension funds, which means that individual pensions can directly enter the stock market through relevant index funds, which is expected to bring a steady stream of incremental funds to the A-share market.2. CSRC: Optimize product supply in time and include the first batch of index funds in the catalogue of personal pension investment products.

It is reported that the personal pension system has been pushed from 36 pilot cities (regions) to the whole country. Major banks have laid out in advance in non-pilot areas and started the work of opening accounts for personal pension funds by appointment.3. The personal pension system has been extended to all banks in the country to issue assessment tasks: each person must complete at least 20 accounts before the first quarter.2. CSRC: Optimize product supply in time and include the first batch of index funds in the catalogue of personal pension investment products.