Study Of Financing Modes And Investment Managemnet Issues On China's Pension Funds

Nowadays, the reform of China's endowment insurance system has attracted a wide attention from the different sides of society. As the product of socialized production, the purpose of the endowment insurance is to keep a reliable source of income of the labourers after their retirement, so that they can maintain their basic life. The reform of the endowment insurance system plays an important role on the stability and development of society as it relates to the interest of each labourer and their family The researching point of this thesis is the practical operation of the endowment insurance. In order to make some limited contribution for achieving the goal of China'social and endowment insurance, the purpose of this thesis is to ease the insufficiency of the source of the pension funds and improve its investment efficiency by analysing and researching the finacing modes and investment management in tems of the source and application of the pension funds.The first chapter introduces the practical and theoretical background, reseach purpose and research method of the issues in the thesis.The second chapter introduces the basic situation of the reform on China's endowment insurance system firstly ,then mainly analyses the financing mode of China's pension funds by grasping its earning and payment. it will compare the two major financing modes:"pay-as-you-go"system and"funded"system;it will point out that although the"partial funded"system has been established, actually"pay-as-you-go"system is still used in China during the process of applying the pension funds; next it will discuss the reasons and serious problems caused of the current situation, try to emphasize the necessity of implementing the"partial funded"and provide relevant suggestion.The third chapter mainly discusses the investment management issues of China's pension funds, particularly analyses the choice of modes on investment management and the ways by which to improve the earnings of investment. On the basis of the above analysis, try to provide some particular suggestions for the issues such as how to choose the proper funds investment management modes, the basic investment strategies and styles, and the methods of risk management.The fourth chapter is the conclusion of this thesis. On the basis of the above analysis, summarizes the issues researched and the relevant policy projects suggested.