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Fourth, the potential challenges to the capital marketThe full implementation of the personal pension system will promote the high-quality development of the capital market. On the one hand, the inflow of personal pension will increase the capital scale of the capital market and improve the liquidity of the market; On the other hand, the long-term and stability of individual pension will encourage investors to pay more attention to value investment and reduce market speculation. This will help to improve the overall quality of the capital market and promote the long-term stable development of the market.Major positive! Personal pension system is expected to be fully implemented.

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.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.I. Providing a long-term and stable source of funds for the capital marketI. Providing a long-term and stable source of funds for the capital market