Research On The Legal Supervision Of Pension Fund Investment

China's pension fund is facing severe challenges.On the one hand,due to the old debt problem of the pension insurance fund and the advent of aging,the need for the preservation and appreciation of the pension insurance fund is an important issue.For a long time,China has been very cautious about the investment pattern of the pension insurance fund,Treasury bonds,this single investment makes the pension insurance fund lost a lot of hedge opportunities,resulting in slow growth of fund value.The pension insurance fund as a retired worker's "life-saving money",with regular pre-paid,deferred payment and long-term savings of the two basic characteristics of the fund management of the beneficiaries of a debt.Its future responsibility is to absorb the funds to reflect the value of the time value of the characteristics of the design,bear the ultimate responsibility than the amount of money absorbed,which must make the pension insurance fund to achieve value-added to protect the basic standards of people's lives.In this paper,the research on the legal system of investment supervision in China's pension insurance fund is mainly from the overview of investment and supervision of pension fund,the current situation and existing problems of China's pension insurance fund investment supervision legal system,the relevant legal system of foreign pension fund investment and the improvement China's pension insurance fund investment supervision of the legal system of specific recommendations in four areas.From the main contents of the supervision of the pension insurance fund can be seen,mainly including the choice of fund regulatory model,regulatory means and fund investment channels,the reason why the pension insurance fund supervision,the main reason is the importance of pension funds,the source of life to give material protection.In this regard,the Western developed countries in the supervision of the pension insurance fund has accumulated a wealth of experience,this paper attempts to foreign advanced insurance funds to invest in several countries to analyze the system,learn from foreign advanced experience,combined with China's fund The paper analyzes the existing problems of China's pension insurance fund investment supervision system,and establishes a legal system of investment supervision and supervision system which is suitable for China's national conditions,clear structure and clear structure and clear rights and responsibilities to ensure that China's pension insurance fund Healthy and sustainable development and to promote China's economic development and maintain social stability.The first chapter puts forward the problem.The problems of pension fund investment problem putting in front of China explain the crisis and future trends of our pension funds in this moment.Analysis the controversy of Chinese pension insurance fund's entering capital market and reveal the management problem of pension fund investment in China from the paradox between the current situation and future trends.Chapter II provides an overview of investment and regulation of pension fund.The basic question of China's pension fund investments including fund composition,mode of raising money,investment,regulatory and so on,and combined with the present legal regulatory system in China,it analyzes the limitations of the pension fund regulatory system.The third chapter analyzes the regulatory system of pension insurance fund in foreign countries.The mode of regulation includes the prudent man rule and quantitative restrictions rule.The investment supervision system included the direct government control,indirect government control,complete market type.At the same time,select three pension fund investment case(the Chile pension fund,the Singapore Central Provident Fund and the America pension fund,the Japan pension fund),and analyze the mode of raising money,the supervision system and supervision mode in each case.Finally,the new trend of the pension insurance funds to participate in corporate governance are discussed.The fourth chapter is the thinking of perfecting the corresponding supervision system of China's pension insurance fund investment.Starting from the choice of the relevant system of our country,analysis on how to improve the investment and supervision system of Chinese pension insurance fund and how to participate in the company governance as pension fund.China's pension insurance fund in the legal supervision there are still many problems,so in the legal supervision needs to put more energy,the Western society,there are three kinds of pension insurance fund investment management model,the first model,retail management model,The main use of this management model is Chile,which is characterized by high management costs,but the efficiency is relatively high,the second is a highly concentrated model,such as Singapore,Malaysia,the main features of low management costs,low efficiency,the third is Moderate concentration model,the main use of the country has Sweden,is characterized by between the two kinds of middle,but also China is currently studying the fund investment management model.The pension insurance system is one of the important components of the socialist market economy in China.Chinese society has begun to enter into an aging period.It is an important issue to increase the pension insurance fund and how to keep the pension insurance fund The Foreign experience shows that the pension insurance fund investment and the capital market to form a good interactive relationship in the fund to share economic results at the same time can promote the development of capital markets.In view of the social attributes of the pension insurance fund itself,it is more focused on the safety of investment than the general investment,but the financial market risk is highly cohesive and how to seek the maximum benefit under the established conditions of risk,which depends not only on the investment of the fund itself Strategy,but also the need for exogenous power control,which regulatory constraints are essential.Therefore,this paper attempts to introduce a foreign advanced experience,combined with the actual situation of China's pension insurance fund supervision,the establishment of a multi-level regulatory system for China's national conditions,by the financial,insurance,banking,supervision and other departments jointly support supervision,professional society To ensure that the administrative supervision department of the pension insurance fund investment in the actual supervision.At the same time improve the legal requirements,to build a structured,clear and reasonable structure,clear rights and responsibilities of the legal system to protect the safe operation of pension funds.It is hoped that the supervisory departments in the established regulatory system can do their best to combine their effective legal supervision system to form the effective protection of the pension insurance fund so as to achieve the purpose of preserving the value of the fund and realizing the investment of the pension insurance fund in the law Under the supervision of the benign operation.