International Capital Investment Theory In The Operation Of The Fund Application

2007 China Social Security Fund of the five income has exceeded 1 trillion. As China's social security fund to increase the size of China's social security fund investment management and supervision of the new work requirements and face new challenges. The existing social security fund investment channels and a single regulatory mechanism irrational reasons, such as China's social security fund case of violations occurred from time to time and the purpose of increasing the value difficult to achieve. In order to improve China's social security fund's investment income and increase the value to achieve the purpose of this article draw on international capital markets on the theory of China's social security fund for risk measurement, the optimal portfolio, and other methods of the social security fund investment in improving the model and Constructed in line with the national conditions of China's optimal portfolio. In order to improve the social security fund's investment income and operating efficiency, the optimal design of this article incentives and mechanisms for screening mechanism for improving the social security fund and build the risk of early-warning mechanism.The international capital market theory for the realization of the social security fund aimed at increasing the value provided rich nutrients and theoretical basis for this application based on the investment, such as game theory to the theory of China's social security fund investment and operating model to build and perfect the mechanism. In this paper, eight sections of the concrete analysis of this issue, specific sections are as follows:Chapter 1: Introduction, introduces the study of the problem, the purpose of the study, the significance of research, innovation;Chapter 2: A Literature Review, the main domestic and foreign-related research and development and evaluation;Chapter 3: China's social security fund operations and supervised the status quo and draw on international experience, introduced China's social security fund investment operation, monitoring the current situation and existing problems; well-developed market economy countries, management experience and insufficient; learn from foreign experience Social Security Fund of the status quo put forward to run the social security fund investment supervision and direction; Chapter 4: Social Security Fund's risk measurement and portfolio construction, mainly in the capital market under the guidance of the theory of the use of the market after the latest data on the social security fund to measure the level of risk, and in accordance with our existing investment in tools to build the most dynamic You portfolio;Chapter 5: Social Security Fund of the screening mechanism with the incentive and restraint mechanisms, the application of information economics of the principal-agent theory of the social security fund managers of the screening mechanism and an effective incentive mechanism;Chapter 6: the risk of early-warning mechanism of Social Security Fund, study the mechanisms of early warning system consists of the establishment of early warning indicators and the establishment of early warning model;Chapter 7: conclusions and recommendations, based on theoretical analysis, empirical results and Mechanism of this paper to extract the conclusions and policy recommendations.