| According to the international standard of aging society, our country has entered theaging time around1999, and aging is a step further, the census of2011, the number ofChinese over the age of65years has accounted for8.87%of the number of all countries, thedevelopment of strong economic, medical and health conditions than before there has beengreat progress, people’s life expectancy than the previous extended. Reduce the fertility levelbrings emerged in China "421" family structure, family size from big to small, familyendowment pressure bearing greatly increased. With the increase in the elderly population, thepension issue has become a heavy burden for the family and government, family memberswill not only allow yourself plenty of time to take care of the elderly, but also to provideelderly people material spiritual satisfaction, the government needs to put more money in theconstruction of endowment infrastructure, is still not perfect old-age security system of ourcountry, but also unable to cover all of the elderly population, the existing pension reservescan not meet people get higher pensions to enjoy a better life in old age expectations, makes alot of the old man still unable to ease endowment. The traditional family pension mode underthe impact of aging also slowly changed, people demand for endowment institutions soared,and our existing pension service supply is relatively lack, pension institutions set up by thegovernment in nursing homes and other social organizations established cannot meet theneeds of old-age pension, the market supply and demand serious imbalance and if you can’teffectively solve social endowment problems will lead to social management and other issues,which we need to explore a new way to solve the pension problem.In2009, the promulgation and implementation of the new revised "insurance law", theinsurance company to license in real estate investment in a certain field, for insurance funds toprovide legal support in real estate investment, but also for the break before the insurancefunds investment channel is single situation, the government has promulgated relevant policyto support the insurance companies to invest in medical, pension and other social securityprograms. In recent years, China’s insurance development momentum higher, premiumincome showed a rising trend, the insurance funds quickly gathered and formed a large scale,but because of the lack of effective means of science and technology, but also because of the investment way less restrictions, the insurance company assets and liabilities withoutmatching in a reasonable length of time, scale and interest rates, longer time since the rate ofreturn on investment of insurance funds in the situation of low growth, low, it will causeserious insurance company profit therefore, urgent need to form a diversified investmentchannels to the large scale insurance gold in upholding the security under the principle toachieve more substantial appreciation. Endowment real estate is a new kind of compositeproperty pension and real estate combined in need, the development and operation of the hugescale of investment, and has the characteristics of long term investment, income stability,these features are consistent with the nature and principles of investment of life insurancefunds, is to achieve diversification of life insurance funds investment channel is very goodmethods. The investment can ease the life insurance funds management method is notscientific cause balance can not realize the reasonable matching problem, can disperse riskinvestment brings, make the life insurance company investment and cash flow from to steadyflow, at the same time, life insurance companies for the endowment real estate solves thefinancing of large scale problems, both to achieve the effective fit.The purpose of this article is to study the current status of China’s life insurancecompany investment of endowment real estate, and summarizes the problems encountered inthe investment process, the foreign experience to give a reasonable countermeasurescombining. The first part of this article firstly introduces the background and significance ofwriting, Chinese and foreign experts and scholars, the research results of this paper were thereference analyses, using the structure diagram and the narrative way of the contents of thisarticle briefly, and explains the three methods used in the study of this paper, points out theexisting problems the innovation of this article and the research of. The second part is theoutline of the endowment real estate and life insurance investment theory, the connotation andcharacteristics of endowment real estate are described, and the use of social managementtheory, welfare economics theory, the external economic theory as the theoretical basis of thisarticle. The third part first analyzes the life insurance funds investment endowment real estaterole, and then from the survey of investment, investment mode, profit mode introduced thepresent situation of China’s life insurance funds investment of endowment real estate, and toour country’s existing life insurance company investment of the endowment real estate are analyzed the concrete case, finally obtains the existence of life insurance in China investmentcompany endowment real estate problems from the external environment, endowment realestate demand, life insurance company. Study on fourth part of the practice of investment tothe U.S., Japan, British insurance company endowment real estate, and obtains theenlightenment to our country. The fifth part aims at the foundation of life insurance companyinvestment endowment real estate problems in combination with foreign practice andInspirations to our country on the targeted countermeasures are presented. |
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