Font Size: a A A

The Research On Value Increment Of Occupational Pension Funds

Posted on:2012-01-17Degree:DoctorType:Dissertation
Country:ChinaCandidate:Q ZhangFull Text:PDF
GTID:1109330467967554Subject:Social security
Abstract/Summary:PDF Full Text Request
Occupational pension system is the second pillar system of the social security pension system.The plenty of occupational pension funds is the key to smooth operation of occupational pension plan. Investment about increasing the value of occupational pension funds follow the principle is the core of occupational pension plan, hedge and increment becomes the focus of occupational pension funds investment. The market of occupational pension funds is expanding with the continuous introduction of regulations, which including Occupational Pension Funds Management Regulations and Trial Regulations for Occupational Pension. Author need to research on investment about increasing the value of occupational pension funds at the macro situation. Research has profound practical significance.The research on investment about increasing the value of occupational pension funds follow the principle of fully consider theory and practice, qualitative and quantitative. The research on investment about increasing the value of occupational pension funds is familiar with the theory based on hedge and increment, as well as learn about other countries’operational experience of occupational pension funds investment. The analysis of occupational pension funds investment is divided into several parts:first, looking for the factors of increment of occupational pension funds based on studying China’s occupational pension funds investment and occupational pension funds financing; second, constructing a reasonable asset allocation models of occupational pension funds investment by discussing the various theories, and assessing performance of occupational pension funds investment and risk management in order to operate the occupational pension funds investment efficiently; finally, actual situation in China, paper puts forward personal advice to improve the operational level of occupational pension funds investment.The paper contains several innovations:first, discussing the asset allocation of occupational pension funds. Asset allocation is very important factor to the income of occupational pension funds investment, not only improve the level of income but also reduces the risk of investment management. The paper gives a value-added model of occupational pension funds by discussing Markowitz model, and gives optimal hedging ratio in the investment insurance method with option; finally? from the conclusion, many of the recommendations proposed in this paper in order to raise the level of China’s occupational pension funds investment, which includes occupational pension system, supervision of occupational pension funds investment, intermediaries for occupational pension, professionals’ training. At the same time, improving the management of China’s occupational pension funds, the paper suggests opening the investment scope and investment tools, paying attention to the risk management, and so on.
Keywords/Search Tags:Occupational Pension System, Occupational Pens ion Funds, Hedge and Increment
PDF Full Text Request
Related items