Based On The Comparison Of China's Social Security Fund Management And Securities Investment Funds

Both the success and the failure of the management of the social security fund decide the result of the innovation of the of social security system. The social security fund and the portfolio investment fund can come into being benignancy interaction with the capital market, and the result of mutual benefit can be found by the internal requirement.The concept and the characteristic and the principles are firstly discussed in the dissertation. Then the difficulties when the social security fund invested in the capital market faced are mainly concluded by the dissertation. Based on the characteristic of "oncoming and transition" in china capital market, the dissertation analyzes both the common point and difference between the portfolio investment fund and the social security fund. The comparison includes the source of the capital, taxes and expenses, investment risks, investment style and manner, and supervision. At last, in order to strengthen the management of the social security fund, the dissertation brings up some advises based on our reality and future foreground according to the conclusion of the comparison and the experience of the foreign country, such as closing the source of capital, realizing positive interaction; building the system of law, ensuring the preference of tax; adopting the appropriate supervision mode; strengthening the publication of the information and cultivating the human resources.