The scale of individual pension Y share funds exceeds 10 billion, and the long-term stable and rational logic is increasingly clear.

Since the pilot started in November 2022, the individual pension system has been operational for more than two years. From pilot cities to nationwide expansion, in April 2025, the expanded individual pension fund products submitted their first quarterly report. As of March 31, the total number of publicly offered Y-share funds in individual pension funds has increased from 91.43 billion yuan at the end of 2024 to 113.9 billion yuan, breaking the hundred billion mark. In addition to the existing FOF funds, the newly added index funds complement each other, injecting a stronger "appreciation effect" into individual pension funds.