The Research Of The Pension Funds Investment In Capital Markets And Its Impact On The Stock Market

Pension to safeguard the survival and quality of life for the purpose of retirees,it can play an important role in stabilizing the social order.For research it has been an important issue pensions and foreign scholars and social sciences appreciated.With the Endowment of the increasingly serious pension problem has become more severe,difficult to solve the pension problem has been put on the agenda,without delay.Meanwhile,the stock mairket is also facing demands to improve their own problems,the introduction of the pension market volatility could further improve their own big,bad investment structure and other defects.Interactive pensions and the stock market is a benign process beneficial.China pension at present a series of problems,seriously affecting increasing the value of pensions,to make the investment rate of return of the pension can not reach a satisfactory level,will not cover the existing funding gap.So it has important theoretical and practical significance of the impact of pension funds on the stock market right.Paper specifically related to theoretical concepts and theoretical research in related fields at home and abroad on the basis of the current situation of pension operations were discussed,the main problems facing the stage,namely deposit ratio is too high,too single pillar,the allocation of state-owned assets slow progress and premature retirement.Comparative analysis of the background and the basic system operations 40K pension plan after the United States can be drawn from their short and long term impact on the US stock market at that time.China pension after joining the WTO,its short-tern impact on the stock market by net capital inflows and stock Volatility pushed out,in the long term pension market in the long run will optimize the structure of investors,improve stability and diversifying investment tools.Pension operations is an important issue of pension systems is a long-term sustainable development.Pension "stock gap" has been ignored.To solve this problem,the pension problem and take preventive measures at the fair of the pension system,and strengthen the pension,a rich source of pension funds while optimizing pension operations management is a top priority.Our pension is urgently nceeded to achieve co-ordination and professional management.In the long term,it should be gradually introducing competition mechanism,the introduction of self-management mechanisms insured individual accounts.