Core Insights - The ninth expansion of personal pension financial products in China has introduced 37 new products, including two with minimum holding periods of 2 years and 18 months, both classified as medium-low risk [1][2] - The new products utilize a more scientific and transparent index combination method for performance comparison, enhancing clarity on risk-return characteristics [1] - The overall market for personal pension products has reached 1,135 offerings, with a notable need for diversification and reduction of product homogeneity [2][3] Group 1 - The recent addition of two personal pension financial products marks the ninth expansion, bringing the total to 37 products available in the market [1] - The new products are designed with minimum holding periods of 2 years and 18 months, both categorized as medium-low risk and primarily investing in fixed-income assets [1] - The performance comparison for these products has shifted to an index combination approach, which is deemed more transparent and informative for investors [1] Group 2 - As of August 29, 2023, the total number of personal pension products has reached 1,135, including various types such as savings, funds, insurance, and financial products [2] - The current supply of personal pension products is still relatively insufficient, with a high degree of product homogeneity and a concentration in medium-low risk "fixed income plus" products [2] - The introduction of more diverse asset allocations, particularly in equity markets, is seen as a significant direction for enhancing long-term investment returns [3]