China's Pension Fund Mode Of Operation Of The In The Stock Market

Now in China the tendency of population aging process is accelerating and many problems have emerged from old system, which resulted in the serious situation of our pension fund. At the same time pension fund of our country are confined to deposit in bank and state bonds, China has difficulties in preserving and increasing its pension fund. The reasons caused these problems are from many respects including institution, policies and structure of investment. The author chooses the angle of investment of our pension fund to analyze in this thesis.First I introduce the development process and phenomena of our pension fund and put forward existent problems, then analyze the necessity and feasibility of pension investing on stock market. In order to preserve and increase pensions, it should be invested on security market to improve profits on condition of considering safety and stability, which can be called necessity of investment in stock market of pension fund. At the same time, with more than ten years' development of our stock market, it become more and more matured and perfect, and the relevant systems and laws also are improved. As to advantages of pensions investing on stock market, it not only can better the structure of investment, but also can spur the development of stock market and economy level. It is desirable for it to invest on stock market.Then combining with the academic analysis, background analysis and investment portfolio analysis of the typical pension fund model of Singapore and Chile, deduce the orientation of China' s innovation of endowment insurance, that is to say, using Singapore model and Chile model for reference then design a complete set of our pension fund model and control system of investment venture.Main body of this article is choosing security market to analyze the pension fund. I analyze the proper administrant of pension fund in our stock market in succession, whereas the performance and style of present Security Fund Management Corporation and its structure problems, and as the particularity of pension fund considered, choosing present Security Fund Management Corporation to supervise pension fund is not ideal. As particularity of pension and states of our Pension Fund Management Corporation, I choose some popular tentative plans as analyzing objects, including Joint Venture Fund Management Corporation, some sections of Banking and Insurance Agency and Trust Company. But I think they aren' t proper administrant of pension fund, our country should set up several Social Pension Fund Management Corporation of our country to manage it in the future.At last I analyze the investment products and restrictions of our pension fundin the stock market. As to investment rules, we should ensure safety and stability at first. As to investment products, now we should invest on blue chip stock, bonds fund and so on. With the development of stock market there will be more newly coming investment products.Innovations of this thesis: First, I offer a different view and analysis method from investment factor, while most of the research now is focusing on systems and policies factor. Here, I analyze investment organization, investment principles and investment portfolios of pensions deeply and broadly. Second, I analyze the orientation of innovation of our endowment insurance and conceive the management corporation of our pension fund in future. Finally, I analyze the proper investment products in China stock market that fit for our pension fund, which is helpful for operation in the practice.