Urban Residents "House-for-pension Scheme" Financial Institutions Risk Prevention Research In China

Nowadays, China has formally entered the aging society, China is a populace country,whether it is the base rate or the aging population aging population, are at levels above theworld average. From the perspective of the development stage, are generally formed thefamily structure of4-2-1and the proportion of the aging population share increased year byyear, first-tier cities such as Beijing and Shanghai, the proportion resulting pension gap willbe further expanded. How to relieve the tension of pension funds, broaden the endowmentfund-raising channels and improve the life quality of the old has become the focus ofcommunity concern. Although the rate of China’s social security development is fast, but witha late started, there are many policies and theories left to explore and discover, therefore,learning from the mature social security systems in developed countries may well be a goodpolicy.In Western countries,“house-for-pension scheme" has become an important means ofgovernments to address the problem of aging. China’s "house-for-pension scheme" was firstproposed more than ten years ago. It faced many problems as a "foreign goods”, such as thedevelopment hardship resulting from the lack of relevant laws and regulations of the path,scholars differ with a mixed reaction. The main reason is long time lending practicesuncertainty, while our country did no make appropriate provisionally policies and regulations,it is possible to produce a wide range of risks, if the risk was not well controlled, not only theimpossible of relieve the pressure of pensions, but also create new problems in terms of realestate, finance, and the society.This paper attempts to identify the urban residents in China "house-for-pension scheme"process deficiencies, take the risks that faced by financial institutions as a starting point, withreference and successful cases research from developed countries "house-for-pension scheme"process, summarize the financial institutional success in terms of risk prevention, andcombined with the actual situation of our country, then puts forward correspondingcountermeasure and the suggestion of conform to China’s national conditions.