Recently, a far-reaching executive order quietly emerged in the United States, its impact comparable to a storm sweeping through the global Capital Market. This new policy, which will take effect on August 7, 2025, involves up to $9 trillion in U.S. 401(k) pension accounts, with the core content being the relaxation of restrictions on the investment of 401(k) plans in alternative assets.

This decision means that retirement accounts, which were once seen as conservative and stable, can now legally direct funds into high-risk, high-return areas, including private equity, venture capital, hedge funds, real estate, and even cryptocurrencies. This is not just a simple policy adjustment; it is a significant transformation that could fundamentally change the flow of global capital over the next decade.

The implementation of this policy will trigger at least three massive waves of capital, impacting areas from Wall Street to Silicon Valley, and extending to the retirement lives of every ordinary American. The first to feel the impact will be the liquidity siphoning effect, which will lead to a large-scale redistribution of funds.

Imagine a giant capital pool with a capacity of over $90 trillion, which could only invest in publicly traded stocks and bonds in the past. Now, the gates of investment restrictions have been opened, allowing funds to flow freely into broader investment areas. This sudden change is bound to trigger severe fluctuations in the financial markets, potentially putting pressure on traditional asset markets due to capital outflows, while also presenting unprecedented opportunities and challenges for the alternative investment market.

The introduction of this policy not only changes the investment landscape in the United States but may also have a profound impact on global financial markets. It provides ordinary investors with the opportunity to access high-end investment products, but it also increases the complexity and risks of pension management.

As this new policy is gradually implemented, we will witness an unprecedented financial experiment. It may bring higher investment returns, but it may also increase the uncertainty of retirement savings. Regardless, the impact of this policy will extend far beyond the borders of the United States, becoming one of the important factors influencing the global economic landscape.