Research On Optimizing Portfolio Of National Social Security Fund

National Social Security Fund was established in August 2000, after ten years of development and growth, it has become one of the most important strategic reserve fund. National Social Security Fund began to enter the capital market to invest in long-term practice and learning the way the portfolio has been continuously developed and improved from 2003. However, due to the imperfections of international capital and risk factors of China’s capital market system itself superimposed impact, especially since the 2008 international financial endanger,NSSF existing portfolio has become increasingly difficult to meet the increasing the value of the fund, sustainable development claim. In order to increase the value of over-protection of the national social security fund, stable growth, the paper National Social Security Fund portfolio in China’s capital markets were optimized specifically divided into the following aspects:Chapter One is introduction. Analyzes the research background and research significance; domestic and foreign social security fund portfolio and comprehensive review of the literature to sort out; this paper describes the research method, the possible lack of innovation and presence.Chapter Two is the concept and theory background. Introduced the National Social Security Fund portfolio concepts, analyzes the theoretical basis of the portfolio.Chapter Three involves mostly the current situation and problems of the investment portfolio of National Social Security Fund. SSF published annual reports and financial statements in accordance with relevant, to the realities of the National Social Security Fund’s investment portfolio and the problems of a detailed analysis of the portfolio of non-optimized reasons for the comb.Chapter Four deals with the model and the investment proportion of the optimized investment portfolio of National Social Security Fund. By analyzing the foregoing, to the National Social Security Fund portfolio optimization model, and the use ofmathematical econometric model estimates the optimal investment proportion.Chapter Five, combining the international experience and lessons, offers several policy suggestions to the investment portfolio reform. By drawing on the successful experience of foreign countries in terms of the social security fund portfolio, the status quot from the National Social Security Fund to invest starting proposals from several aspects.