Study On The Supervisory System Of China's Social Security Fun

China develops the social insurance fund regulatory system comparatively late, we still have lots of to be solved issues presently, such as imperfect system construction and the unclear responsibility. So to implement China's social security system, to make it benefit the people, we must establish a scientific and feasible regulatory system. We need clear the regulatory body, the responsibility and the regulatory range by law, we need improve the social insurance fund supervision system to ensure the collection and payment of social insurance funds have legal basis, and to protect the stability of funding sources, to increase capital investment effectiveness, we also need reform our social insurance fund supervision system.In this paper, based on the existing regulatory system of social insurance funds, the author analyzed the aspects need to be improved in social insurance fund supervision system, and made some recommendations for it by using the economic theories.The discussion of all above issues was divided into five chapters in this paper.Chapter I introduces the research background and illustrates the defects of social security funds supervision system through some cases, and then proposes the research aim of article, that is to analyze the reasons of our existing social security funds problems and to give suggestions for improvement based on our current social security funds supervision system.This paper mainly uses empirical analysis and literature research as methods, and based on the asymmetric information and public economics theories to analyze the system of social insurance fund regulatory from the perspective of law and economics.This part describes the theoretical and practical significance of this research, including research innovations and shortcomings. Chapter II is an overview of the social security fund supervision, which contains the introduction of the meanings, the objectives and the principles of social security fund supervision and the description of relevant theories. By introducing the asymmetric information theory and its impact on the social security fund supervision, to analyze the importance of information disclosure for preventing the supervision from moral hazard and adverse selection, by introducing the public economics theory and its impact on the social security fund supervision, to analyze the role of regulation on prevention of market failure and government failure.In chapter III, the author reviewed the formation and current situation of our social security fund system, and introduced the framework, the various supervision scopes and responsibilities in this system. On this basis, the author pointed out the major problems in current system and analyzed the causes of these issues. The author believes we need improve the social insurance fund system building, and change the status of"loose supervision and strict controlling".The chapter IV analyzes the reference value of foreign regulatory regime for China. Select the United States, Germany, Japan and Singapore as research objects, because their social security systems are different, each of them has its own characteristics on the composition and the source of social security fund. They have been undergone a relatively long stage of development, their regulatory models and systems are relatively mature, this is much helpful for analyzing, comparing and summarizing of the international social security fund systems, also for improving the regulatory reform of social security funds in China.Reference to foreign mature experience, and based on status of China's national conditions, Chapter V makes recommendations for how to improve our social security fund regulatory system. First, establish a unified and principle nationwide legal framework for the social security fund supervision system from the national level. Then formulate rules and regulations based on the actual situation of central government and local governments, to achieve overall coherence. Strengthen the establishment of a sound information disclosure system, to create an information monitoring platform based on web-technology and multi-sectional coordination, and improve public opinion supervision. Give some suggestions for the establishment of independent regulatory institutions in China.In general, to improve the regulatory system of social security funds, we should ?focus on the following areas: improve the regulatory system legislation, coordinate with administrative supervision, improve the information disclosure system, broaden the channels of social supervision, and establish security pre-warning mechanism.