| Based on the reality of current Chinese political, economic and social systems,taking the China's capital market as research platform, the author constructs logical architecture of this thesis according to kinds of risks that may be confronted with in occupational pension fund's investment operation. Based on analyzing the risks existing in the course of occupational pension fund investment, this thesis discusses the theoretical and practical problems in the risk management of occupational pension fund investment in China and tries to put forward some useful ideas on how to design the risk management system of occupational pension fund investment.This thesis is composed of four chapters. The first chapter is the basis of the whole thesis. In this chapter the author makes an general introduction and analysis of China's current occupational pension, defines and discriminates some important conceptions in order to make the study object clear and build up a sound basis for the following study. Through the analysis and discrimination occupational pension from public pension and ordinary individual insurance, and the study on the importance of China's occupational pension system and its investment risk management system, this chapter implies the significance of the dissertation's study.The second chapter is a necessary preparation for the study of the last two chapters, which are the core of this thesis. In this chapter, the author makes a basic analysis on the risks in occupational pension fund investment. Based on the classification of risks in occupational pension fund investment and combined with China's peculiar economic and political environment, the author discusses the characteristics of the risks in China's occupational pension fund investment. Moreover, the author introduces many method of measuring investment risks and tries to summarize and evaluate them. At last the author points out the advantages of using VAR method and suggest making full use of VAR to measure the risks in China's occupational pension fund investment.Based on the risks analysis in the second chapter, the third chapter tries to give some ideas on how to establish risk management system of China's occupational pension fund investment. An integrated risk management system of occupational pension fund investment is composed of risk-alarming system, risk-control system and risk-compensation system. This chapter is divided into four sections. In the first section, the author puts forward some ideas and principles on the construction of risk-alarming system of China's occupational pension fund investment. The second and third section discusses the risk control of China's occupational pension fund investment. They study respectively the management risk control and the other risks control in the process of China's occupational pension fund investment. In the last section, based on the introduction and analysis of the risk-compensation mechanism in foreign countries, the author makes some suggestions on the establishment of risk-compensation mechanism of China's occupational pension fund investment and advises we should build up this risk-compensation mechanism from a systematic and holistic angle.The last chapter examines the regulation of China's occupational pension fund investment operation. In fact , the regulation of occupational pension fund investment operation is also one part of the whole risk management system of occupational pension fund investment. However, since it penetrates all of the three parts of risk management system of occupational pension fund investment, the thesis sets a new chapter to study it. There are so many questions in the regulation that need to be studied. However, due to the limitation of the length of the thesis, the author can't probe into each one of them. Therefore, based on a general and brief introduction, the chapter mainly discusses three most controversial regulatory questions in the world. They are the regulatory structure, investment limits and... |
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