Regulatory Legal System Of China's Pension Fund Investment Research

With the development of old-age insurance system and the aging population growing, the old-age insurance funds into capital market operations become an inevitable choice for countries in the world. The perfect old-age insurance fund investment supervision system is to safeguard the pension insurance fund investment order, the protection of old-age insurance the key to healthy development. In this paper, regulation of pension fund investment in the values, principles, the basic issue of the need to focus on old-age insurance funds of China's investment in improving the regulatory system. This article holds that: According to the current old-age insurance system and the development of socio-economic status, China's pension fund investments should be taken to strictly limit the mode of regulation. In this mode, it is necessary to strengthen the supervision of pension fund investment legislation, and constantly improve the regulation of the legal system, include the establishment of a government's macro-regulation, fund management companies, as well as internal control, including regulation of intermediary organic external supervisory system. The full text is divided into four parts:The first chapter focuses on the regulation of pension fund investment in the basic legal issues. This chapter, the view that regulation of pension fund investment is the fundamental purpose of the realization of social welfare. Acts only when the regulatory supervision in accordance with the law and follow the combination of reasonable supervision, appropriate combination of regulation and the principles of effective supervision can be achieved when the purpose of monitoring. Safety, efficiency and social welfare is the old-age insurance investment regulation pursued by the legal system an important value, they are reflected in the regulation of pension fund investment in all aspects of the legal system.The second chapter analyzes the regulation of pension fund investment in the development of legal systems and problems and their root causes. China's regulation of pension fund investment in the existence of regulatory inefficiency, crowding out of local government, the phenomenon of social security fund embezzlement. The emergence of these problems are objective reasons of history, but the regulatory body of the imperfect system, legislation, laws and regulations lag behind the loss is the root cause of these problems.ChapterⅢ, two of the international regulation of pension fund investment model: a prudent pattern of regulation and strict regulatory approach limited compared. As a result of China's capital market development is currently not mature enough, the degree of social rule of law is not high, so the current regulation of pension fund investment patterns should be taken strictly limited, but international trends and long-term development, we should carefully and gradually to the supervision of the transition.ChapterⅣ, from the old-age insurance fund investment legislation, the regulatory system and the specific regulatory regime on three aspects of China's pension fund investments to improve the regulatory system is the top priority of the full text. China's regulation of pension fund investment in improving the relevant laws and regulations on the basis of the formation of the government's macro-regulation mainly investment fund managers and intermediaries internal control external supervision of the regulatory system with the organic. At the same time, it is necessary to further improve the fiduciary obligations, information disclosure system, the prohibition of related party transactions and other related provisions of regulatory system.Innovation of this article is: First, the current regulation of pension fund investment in research is more from an economic, sociological point of view, this paper is from a legal point of view of pension fund investment control system in a bold design. Second, other researchers focused on the regulation of pension fund investment in research related to different methods, the paper based on building a comprehensive regulatory system that is, from a macro perspective of the overall pension fund investment study of the regulatory system.