The Research On The Operations Of National Pension Funds

In the current situation, China is facing a serious trend of population aging,whether every retirees are able to timely receive a monthly pension, which has poseda serious challenge to the entire pension system. Based on this background, how toimplement scientiifc and rational operating pension, and how to preserve and increasethe value of the pension fund, has become a pressing issue.In this study, it analyzed the status quo of China’s pension fund operations, andfound the problem. This paper made a speciifc analysis of mature foreign pensionfunds operating mode and discovered the policies and methods that were worthlearning. Through the grasp of the international trend of pension operations, combinedwith China’s speciifc national conditions, in order to solve the existing problems inthe pension operations in China, proposed in this paper, the pension funds are able toincrease proiftability. Analyzed the government role in the process of operatingpension fund and chose investment portfolio and investment channels commissionedby the government comprehensively and thoroughly; analyzed the speciifc operationalstrategies by the empirical analysis. It proved that the portfolio is the most suitable forChina’s pension business model.Recommendations to improve the operation of China’s pension fund: ifrst, toreduce the direct investment of the Social Security Fund Council. Second，to broadenthe investment channels. Third，to increase the proportion of overseas investmentgradually and steadily. Fourth, to improve the regulatory system.