Research On Investment And Operation Of Chinese Social Security Funds

Currently with the degree of the aged phenomenon becoming more serious in our country, the social security fund is facing increasing pressure to pay.At the same time with the expanding of the social security surplus funds,let the problem how to expansion the social security funds and achieve increase the value of the fund on the basis of the investment risk prevention particularly urgent.Around the world,American is the developed country with largest social security funds and rich experience of investment.Especially the social security funds accordance with its property to invest.As one of the public pension fund, the federal government’s social security fund is only allowed to invest in government bonds.The local government social security funds mostly use the portfolio investment.The supplementary pensions mainly invest in capital markets. So this hierarchical investment management pattern is a good reference system of Chinese social security funds’ investment.This paper takes the general theory of the social security fund investment as the breakthrough point,analysis of the America three levels of social security funds and describes the current situation of Chinese social security funds’ investment,income and problems,discussion on Chinese social security funds’ investment problems.Comparison of Chinese and American social security funds’ investment and operation situation,and learn from advanced experience of American social security funds.On the basis of the comprehensive analysis,finally put forward by the general idea of hierarchical management,improve the investment environment to optimization the investment and operation mechanism of Chinese social security funds,and by broadening the investment channels,setting the proportion of investment,strengthen the supervision of the investment to improve the investment ability of social security funds.