Research On Investment Supervision Of Enterprise Pension Fund

As an important part of social security system, enterprise pension is a great system arranging to implement three-leveled strategy of social security. Today, the populations aging being more and more serious and the payment pressure of social security being increased day by day. The development of enterprise pension is concerned by government and the society fully. In 2006 year's end, the national enterprise pension total quantity has achieved 91 billion Yuan, The Word Bank once believed optimistic that Chinese enterprise pension scale will amount to 180 billion dollars until 2030. With the increasing of enterprise pension's scale, How to increasing the enterprise pension's value and guarantee the security of this huge fund has become a huge challenge to investment supervision of enterprise pension fund.This paper fist analyses the current situation and problems of enterprise pension fund investment supervision in our country ,and then based on foreign developed countries' experiences on investment supervision of enterprise pension fund, and consider our country actual situation, it puts forward some useful proposals and recommendations. The main contents are as follows:Introduction briefly describes the research background, purposes, the present research situation of domestic and foreign, method and the literature review.Chapter one first introduces the two rational which is to investment supervision of enterprise pension fund detailed, contain public interest theory and public choice theory. and then analyses the application on enterprise pension fund. Next, it introduces the members of investment supervision contain the government supervision, the intermediary supervision, the public opinion supervision and the beneficiary supervision. Once more , it detailed introduces the context of investment supervision of enterprise pension fund ,includes property separation principle, internal control principle and so on .At last ,it introduces the two investment supervision modes of enterprise pension fund detailed, there are prudent supervision mode and strict limitation supervision mode . and then contrast analysis the two supervision modes.Chapter two first introduces the actuality of our country enterprise pension development and the actuality of our country enterprise pension fund investment supervision. And analyses them, then pointed out the problem of our country enterprise pension fund investment supervision. It includes :the supervision mode limited the enhance of enterprise pension fund income, it lacked cooperation between the supervision departments ,the legislation of enterprise pension fund investment supervision developed very slowly, the personal's level is low for enterprise pension fund investment supervision, the system of the information disclosed is not perfect and so on.Chapter three introduces the investment supervision experience of America and England, and then obtains enlightenment to our country.Chapter four first considers our country situation , there are many disadvantage ,such as our country set up the system of enterprise pension relatively late, the pension fund's small scale ,low coverage rate and narrow channels of investment, The capital market is not mature, etc.And based on foreign developed countries' experiences on investment supervision of enterprise pension fund, it puts forward some proposals and recommendations for our country investment supervision. It includes set up mixed supervision mode which it take prudent supervision mode as the main body and take strict limitation supervision mode as the assistance, make a joint conference system between supervision members, make professional laws for investment supervision of enterprise pension fund, etc. The last chapter is the conclusion of this thesis, It is summary and conclude the analyses and discussions in the former chapters ,and point out the author's work and the insufficient in this paper.