The Basic Old-age Insurance Fund Investment Research In China

In recent years, our country basic endowment insurance fund balance has reached acertain scale, individual account also do real step by step, The basic old-age insurancefund investment management problems will be growing. Fund of primary endowmentinsurance is the most important part of social insurance system, and the fund of primaryendowment insurance to maintain or increase its value, the key problem is the fund ofprimary endowment insurance.There are two of the meaning of the basic old-age insurance fund investment: oneis with the scale enlargement of accumulative basic endowment insurance fund in ourcountry,need to value maintained and added;The second is to resolve an agingpopulation crisis has come,reduce the fund of primary endowment insurance of pay. Atpresent,fund of primary endowment insurance in our country accumulated balance scalehas reached a certain scale,individual account old-age has gradually achieved goodeffect,but the current policy credit funds invest in bank deposits and buy Treasurybonds.The basic old-age insurance fund’s problems such as investment management isthe narrow investment channels, fund investment yield is low,the investment subject notclear,classification of investment management in government and so on,it is difficult toresist the devaluation of the risks from inflation.With the improvement of the agingpopulation of our country,the rapid increase of aging population, to fund of primaryendowment insurance of pay has brought great pressure.So,in order to dissolve the riskfund pays,the choice of fund investment management mode,in the present conditions offund of primary endowment insurance provincial plan as a whole,in different provincescan be combined with its own policies,management system,under the condition of talentpool, etc. Should choose the public pension investment management companymanagement mode or entrust the council of the national social security fund investmentmanagement mode,fund investment tools in addition to bank deposits and bonds,alsoinclude debt-financed and corporate bonds,investment funds and other financialinstruments.And,at this stage the fund’s investment strategy should choose steady typestrategy,so that make sure the safety of fund investment, and allows the government tofacilitate in the process of fund investment regulation.As the basic old-age insurance fund investment,Will face a series of risk, mainlyincludes three points:environmental risk of fund investment,the risk of fund investment management and the risk of fund investment operation.At the same time,to guardagainst the risk management system construction,need to establish and improve theendowment insurance fund investment operation and risk control of laws andregulations,strict limited supervision,establish minimum yield system,establish accessand exit mechanism,a sound system of fund investment operation of informationdisclosure.Through these aspects of measures to ensure the security of the basic old-ageinsurance fund investment,to realize the value.