Operation And Management Of The Rural Social Endowment Insurance Fund

The new rural social endowment insurance system which is essential to the gradualachievement of rural residents' sense of security, promote rural economic development anddeepen reform, and break the pattern of the dual economy, thereby it is of great significance topromot China's overall economic and social development. The rural social endowment insurancefund is the core issue and the first link of rural social endowment insurance system; also it iscritically related to the successful reform of China's rural social pension insurance andsustainable development. Starting from the resources of the new rural social endowmentinsurance fund, this paper firstly analyzed the financing structure and the advantages andshortcomings of the new rural social endowment insurance fund, defines the nature of the newrural social endowment insurance fund account from the perspective of public goods theory andproperty right theory, and clarifies the right and interest belongingness of the fund.In additionbased on the status of the new rural social endowment insurance fund, the financing risk andoperational risk which it currently is facing is analyzed. And research shows that the financingcapacity of the government and individual farmers both can meet the financing requirements ofthe new rural social endowment insurance fund. Meanwhile, the financing risk comes mainlyfrom the lack of collective subsidy and low level of personal insurance enthusiasm; operationalrisks come mainly from market risk, inflation risk, the risk of operating mechanism and the riskof operation subjects.On the basis of risk analysis, the paper aims to achieve the valuemaintenance and appreaction of the new rural social endowment insurance fund, this researchproposes innovative investment and operation models of the new rural social endowmentinsurance fund-government, commercial banks, farmers and insurance companies quadripartitecooperation model and the passive investment strategy and multi-factor model, to broaden thechannels of investment and operation of new rural social endowment insurance fund and increaseits value.At last, operations and management process of the new rural social endowmentinsurance fund are studied, and its principal-agent model are constructed; the security andvalue-added dual-task optimal incentives of the operations and management of the new ruralsocial endowment insurance fund are established; and according to the analysis of game behaviorbetween management subjects, related game regulatory model is established and related risk control measures is proposed.