The Inspiration To China Annuity Development By Foreign Enterprise Annuity Management Of Investment Mode

As the influence of current problem of global aging, now all governments have reached a common understanding that the role of governments to support the aged should be weakened gradually, while the second support type of accumulation by the corporations spontaneously, i.e. the corporation annuity mode should be universalized and developed quickly. As a country of large population, the problem of aging phenomena is much more severe than other countries. The aged security system was founded comparatively late in China, along With the " Corporation Annuity Proposed Regulation " in April 2, 2004 and " Corporation Annuity Fund Administration Proposed Regulation " in May 1, the system is just launched out into the phase of standardized initial starting. Especially in the field of management of investment, the social security fund was just allowed to be directly invested in stock market in 2003, the corporation annuity was also formally permitted to directly enter the securities market in 2004. So we are of inexperience whether in the operation of management of investment, the controlling of venture or the capital disposition, etc. Therefore, by borrowing ideas from foreign sophisticated experience of retirement pension system and management of investment, our corporation annuity will be developed faster and more healthy, at the same time, it will bring a good interactive procedure with our capital market..This article is an introduction and summary of retirement pension system, annuity administration management style and classification, investment tool, capital disposition, capital investment supervision and control, return on investment and corporation annuity tax preference aspect in industrially advanced country, such as the US and UK, etc. Our purpose is to arise the developmental inspiration in our corporation annuity system by introducing foreign enterprise annuity management of investment. As mentioned in the article, the expansion of corporation annuity scale in China will need the fully development of institutions such as taxation, supervision, meanwhile, the annuity operation system of marketization should be established to increase the operation efficiency of annuity. As to the investment orientation ofcorporation annuity, the article suggests the implementation of capital investment pluralization of corporation annuity to increase return on investment. From the experience of foreign corporation annuity operation, the interactive development of corporation annuity and capital market is very important, right now, the ongoing reformation of the detachment of domestic stock ownership, QFII speeding up the process of entering into China capital market and the revised of new " securities law " will bring a favorable investment environment and perfect institution foundation for the interactive development of corporation annuity and capital market.