| The article talks about the development and variety of financialstructure in the background of the reformation of the social securitysystem. And studies the adaptability between the investment of the fundsof social security and the financial structure, in order to offerdecision-making reference and theoretical support for securityadministration departments for the development of the social securitysystem and better financial structure. With the reformation of the social security system, the structure ofthe financial assets presents many kinds. The behavior of the choice offinancial assets has changed, that is the proportion of non-currencyfinancial assets is become more and more. Through the analysis of highrate of saving, we can see that the financial structure is not suit for theinvestment of the funds of social security. The funds of social security can be used in bank saving, nationaldebt and other financial instrument which can be changed into cashquickly when used. The bank saving is the main tool because it is verysafety, but the shortcoming is its kinds are little and yield is low. If thefunds of social security save into the bank, on one hand, it is not good forthe funds to keep worth. On the other hand, it leads the risk of the bank'smanagement increased. If the management of the bank is become worse,it is harmful for the development of our economy. In our country, most of the bonds are national bonds and financialbonds with the support of the country, and most of them are hold by thestated-owned banks as long assets, so the quantity of the institutions ofthe social security hold is little. The bond market has many shortcomings,too, such as the kinds of bonds are lacks, the scale of issuance is small,and negotiability is not good. Especially kinds of company-bond,convertible bond are lack, all these reason lead to the funds of the socialsecurity cannot invest effectively. The stock market is developing very fast in our capital market, butthe system risk especially the policy risk is very high. And in our stockmarket, it faces the contradiction of the supply and demand of funds, inone hand, our stock market need funds to support for better development,on the other hand, the funds of social security is need to investment forkeeping its worth steadily and increasing. So how to settle this problem isworth to study. The fund of stock investment is another tool for the investment offunds of social security. First, it can settle the lack of funds of the stockmarket, on the other hand, it can satisfy the demands of endowmentinsurance and insurance fund, but what kind of the production of fundsare suit for, And because the shortcomings of the stock market, can thereturn for the fund guarantee? All these questions need us to study. The successful reformation of Kazakhstan' endowment insurance isa good example for the development of our capital market. The mostimportance of the reformation is that it builds its capital market throughthe development of the essential economy. For our country, as thedevelopment of the essential economy is not suit for the financialstructure, we must take measures to make them harmonized. This article devotes four chapters to study the related issuesrespectively. Chapter one makes a general analysis the theory of financialstructure and the reasons of the change of it, building theoretical basis forthe follow-up research. First, chapter two looks back the reformation ofour social security, on this basis, analyzes the behavior of people whenchoosing the assets. The mainly point of chapter three is to analyze thesuitability of the investment of the fund of the national security and thefinancial structure, so the end of the article is to study their harmonizeddevelopment. The contribution of this article are mainly embodied in themethodology innovations: 1. The angle of this article is very particular, the mainly point is tostudy the relationship between the essential economy (the reformation ofsocial security) and the financial structure. It is quite unusual to analyz... |
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