Study On Risk Control Mechanism Of Social Pension Fund

Nowadays how to improve our pension system is a major concern of our government, as a reason of the pension fund’s particularity and importance. With the fund accumulated constantly and the "empty account" is expected to be made full, the whole account amount will confront with strong pressure of maintaining and increasing its value. As is related much to the warfare of people and social stability, the study on risk-control in the investment of pension fund is of great significance.In recent years, China’s aging population trend increases, the stock of the huge pension fund investment operations under enormous pressure. At the same time, the investment of Chinese sovereign wealth fund is impacted by the restriction of western country and financial crisis. In such circumstances, we should also continue efforts to develop domestic capital markets, including markets for interest rate and exchange rate hedging instruments reference to the experiences of other county and area.In this article, analysis has been done on the management systems and the risk control mechanisms so as to make understood the practice of the pension fund investment both in macroeconomics. This paper aims to study the different types of risk in the investment of pension fund and consider the risks including principal-agent risk, market risk and operation risk, etc. It is trying to give some suggestions, which have the theoretical and the practical significance on risk-control mechanism in pension fund investment of our country based on the experience of US and Chile. The first chapter summarizes the theoretical background of the article. And the second chapter outlines the investment macro background of pension fund investment. The third chapter mainly discusses the various risks in the process of investment. The forth chapter introduces the experiences of risk-control in pension fund investment of US and Chile. Finally, on the base of the conclusion of the whole text, the chapter makes an objective expectation of establishing the risk-control mechanism of pension fund investment and related policies in our country, including set up the multimode investment mechanism, improve the trust-agent mechanism and strengthen the investment regulation.