The Study Of Optimizing The System Of The Social Security Funds Investment And Operation In Our Country

A large variety of developed and developing countries is facing the problems caused by the progressive aging of the populations, which impose a challenge to its' social security system, in order to invade the existing or will-existing payment crisis of the social security fund. To achieve the success of social security reform, we need do well with the two problems as follows: the first is the choice to the social security system model; the second is turning this system into the feasible rules, the two sides are both indispensable. Nowadays, our system models have been mostly fixed, State Council Decision #26 of 1997 established the unified pension system include both mandatory funded individual accounts and a social insurance scheme. But, some trivial problems still needing improving. At the same time, the research about the system of the social security fund investing was just begun a short time, so it doesn't match with the model of social security to some extent. This problem restricts the effect of policy target seriously. Basing on the present system model and the prediction to the reform direction, I bring forward the new thought about the system of the state social security fund investing as the following: According to the principles of security, profitability, mobility and social efficiency, efficiency-oriented system of social security funds investment operation is needed through the way of optimizing the investment operational patterns, investment tools, and establishing a supervising system of investment risks, implementing the system goal and ensure the fund's operating normally.Chapter I introduces some general theories on social security funds, as well as a theoretical and practical analysis about the system of the state social security funds investing and management. Chapter II compares and analyzes the difference the four patterns about the system of the international social security funds investing, that is Europe-America pattern, Latin America pattern, Singapore pattern and East-Europe reformation pattern, summarize the characteristic and trend towards the system of the international social security funds investing, and point out the effect on the state socialsecurity funds investing reformation. Chapter III gives an account of the present situation of China's management and investment operation system of social security, thus giving an analysis towards the existing problems and the reason. Chapter IV deals with the general idea and principles in optimizing the investment and operational system of social security funds and puts forward some suggestions of reforming the investment operational patterns, investment tools and risk supervision.