Analysis On Investment And Alternative Instruments Of Occupation Pension In China

With the growing population aging in China in near future, the occupation pension system will play more important role as protecting the society from financial crises caused by increased pension expenditure. However, the performance of the occupation pension in China is much lower than that in the western countries. The limited investment instruments as bank debts and treasury bonds and extremely low investment return, with which the government can not set up a multi-support pension system, aggravate the pressure of preserving and increasing the value of pension investment.In chapter one, we give a brief introduction on the backgrounds of the occupation pension in China and out of China, including the current situation and tendency of the population aging, the heavy pressure of preserving and increasing the value of occupation pension and the low investment return. In the end, we put forward the object of the study in this thesis.In chapter two, we define the concept of the occupation pension in accordance with The Trial Measures for the Management of Enterprise Annuities Fund and have a review of its development history. Thereafter, we analyze the investment return and risks of the occupation pension and discuss its current problems in 5 aspects.In chapter three, we give a brief description of optional instruments of the occupation pension. In accordance with the categories defined by The Trial Measures for the Management of Enterprise Annuities Fund, we analyze 3 types of the optional instruments. In this chapter, we also discuss in details the investment return and risks of bank deposit, bonds, stocks and insurance products.In chapter four, we discuss the choice of the investment instruments of the occupation pension, stocks and treasury bonds. In this chapter, we analyze the approaches to choose blue chips and ordinary stocks and the investment portfolio theories of bonds. At last, we discuss the application of the immunization technique of the bonds。The subject of this thesis is the choice of investment instruments of the occupation pension and its investment return and risk analysis.At last we analyze the investment products and restrictions of our pension fund in the stock market. As to investment rules, we should ensure safety and stability at first. As to investment products, now we should invest on blue chip stock, bonds fund and so on. With the development of stock market there will be more newly coming investment products.Innovations of this thesis:First, we offer a different view and analysis method from investment factor, while most of the research now is focusing on systems and policies factor. Here, we analyze investment organization, investment principles and investment portfolios of pensions deeply and broadly. Second, we analyze the orientation of innovation of our endowment insurance and conceive the management corporation of our pension fund in future. Finally, we analyze the proper investment products in China stock market that fit for our pension fund, which is helpful for operation in the practice.