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Today, there is another major positive. The Ministry of Social Security, the China Securities Regulatory Commission and other five departments jointly issued a notice to push the personal pension system from the pilot cities to the whole country on December 15th.This means that the personal pension system, which has been brewing for a long time, has been implemented nationwide as a national policy, and its positive impact on the entire financial industry in China is totally immeasurable.

But what I want to say here is that we still can't be blindly optimistic, because from the technical point of view, the upward pressure on the index is still heavy.This point can be easily seen from the performance of today's market. Under this favorable stimulus, the three major indexes of A-shares have obviously bottomed out and rebounded, effectively driving the enthusiasm of market funds to do more.But what I want to say here is that we still can't be blindly optimistic, because from the technical point of view, the upward pressure on the index is still heavy.

This means that the personal pension system, which has been brewing for a long time, has been implemented nationwide as a national policy, and its positive impact on the entire financial industry in China is totally immeasurable.This point can be easily seen from the performance of today's market. Under this favorable stimulus, the three major indexes of A-shares have obviously bottomed out and rebounded, effectively driving the enthusiasm of market funds to do more.