An Empirical Study On The Social Security Fund To Invest In The Stock Market In China

With the continuous reform of China’s social security system and improve theinvestment operation of social security fund, the people pay more and more attention.In recent years, due to a number of problems left over from China’s social securitysystem and the growing aging population problem and other external factors, so thatChina’s social security fund investment and operation is facing enormous challenges.After years of development, China’s social security system has been generallyrecognized the masses, social security system for citizens, unemployment and medicalinsurance have minimum standards. But the fund is not in place, do not regulate theuse to the development of China’s social security has brought great pressure. Inaddition to these factors, the world financial crisis period, such as the increasinglyserious problem of inflation can not be ignored, these unstable factors will impactChina’s social security system, brings the destructive effect. As of2007the UnitedStates subprime mortgage crisis, the beginning and did not cause too much attentionof international society. But with the influence continues to expand, to2008September, has caused the international financial turmoil. Bring great negativeinfluence which China’s investment of social security fund, the national social securityfund since the establishment of the operation first loss. Visible in the face ofincreasingly changing financial environment, how to realize the value of pensionfunds, has become the current our country and even global countries need to solve theproblem.The national social security fund is an important strategic reserve of our country,mainly in order to compensate for the aging of the population is serious when thepension gap. Thus the value of the national social security fund relates to whether oureconomy healthy development and the social stability. Therefore, focusing on whetherthe national social security fund can preserve and increase the value of the paperdiscusses on investment in the stock market. This paper lists some commoninternational fund performance evaluation model, and provide a theoretical basis forthe performance evaluation of the national social security fund investment portfolio. And then we discuss the details of China’s current social security fund each part ofdescription, failed to enter the capital market fund. In the analysis of each part of thesocial security fund, key points out emphatically the national social security fund forthis study. Launches the concrete elaboration after the national social security fund toinvest in the stock market. This paper proceeds with the risks and benefits of the twochapter evaluation model to the national social security fund investment portfolio ratiowas evaluated, and some problems that the national social security fund investmentstock market exists, then gives the corresponding suggestions.This paper is helpful to the national social security fund investment performanceevaluation theory and development. Deduced the risk and return characteristics of thepast few years the national social security fund to invest in the stock market indexmodel in this paper reflects the fund performance and risk. The degree of ownershipconcentration, industry distribution situation of the national social security fundmainly portfolio holdings reflect with actual data, can the ability of risk control fromthe side of the national social security fund managers. The research and developmentof theory is the evaluation of the investment portfolio theory, but also to test theperformance of the stock portfolio national social security fund.