digital currency blog, Knowledge

Although there is no direct causal relationship between the trend of US stocks and the entry of pensions into the market, it is obvious that it has provided a steady stream of incremental funds.Let's take a look at the current situation of personal pension.At present, the scale of this incremental fund is still very small, but it is more meaningful to release the signal. Pensions are coming. Don't carry other funds. Come on!

Personal pension was launched in 2022. At that time, it was widely predicted by brokers and the media that it could bring hundreds of billions of incremental funds every year to recharge A shares.Of course, this is a long way to go. The stock market not only has many back door loopholes to be patched up, but also needs to be drastic.This news has two effects on the market. First, incremental funds enter the market and expand the conditions for incremental funds to enter the market. As long as there is new money and a steady stream of new money enters the market, there will be a market; Second, the strategic low position of the stock market has increased, and pensions have to enter the market. If the stock market is still so depressed and the coffin board is lost, it will be too ugly.

Let's take a look at the current situation of personal pension.When the personal pension was introduced in 2022, the bank gave a lot of subsidies for marketing expenses, allowing a large number of customers to open personal pension accounts, and most of them did not avoid the tax demand. Only those whose marginal tax rate exceeds 10%, that is, the taxable annual income exceeds 200,000 yuan, have begun to have tax avoidance needs, and the number is very limited.Now that three deposit years have passed, the net value of Y share of personal pension purchase is only about 7.5 billion yuan, with an average annual recharge of about 2.5 billion yuan. These funds are all FOF, and only some of them will invest in the stock market.