Level Mechanism Of The Pension Fund In China And Investment Issues

Pension Security is the most important part of Social Security System. As facing the stress of old-aging people, the policy of Pension Security in China is transferring from Pay-as-you-go to Part-accumulation. Millions of covert debts and pension fund is waiting for maintain and increase in value, which needs effective investment operation. The Pension Security in China is not balance both on rank orders and in regions. In the east of China, especially in cities, the Pension Security is advancing, but in the west of China including the countries the development of Pension Security is very slow. Although in the advanced area the public Pension Security is developing fastly, the Career Annuity, Private Annuity, and Pension Security in countryside is developing very slowly. All of these are keeping Pension Security Replace Rate at a high lever, which enhance the financial burden for the Country and cause many old people's life fail to be covered effectively under Pension Security. Based on the theory of financial agency and Investment Operation, and according to the experience in the advanced countries, the thesis uses the classic method of SWOT to analyze the strengths, worst sides, opportunities and threats for the Pension Security Investment, and draws out a whole program for maintaining and increasing the value for all kinds of Pension Security, which can balance the development of different kinds of Pension Security in China.