Research On The Issue Of China's Basic Pensions Entering The Market

Basic pension fund is not only an important part of our nation's pension insurance fund system but also the guarantee to promote social pension insurance system smoothly,and it is also an important capital reserve which is used to face the demographic aging actively.At present,the investment of basic pension fund is limited to government bonds and bank deposit,which only leads to a low investment income and it can't reach the goal of capital preservation and appreciation.With the aging of the population and the growing shortage of pension fund,the basic pension fund should be put into the capital market,which is an inevitable trend.What needs to be specially noted is that pension fund is of crucial importance to people and the safely should be put to the first place in investment operation.However,out nation's management of basic pension fund investment is still in its infancy,and the basic pension fund market is bound to face a huge risk.If its market operation failed,the consequences will be disastrous.Therefore,it is necessary to carry out a deeper study on the related issues of basic pension fund and its market entry and put forward concrete and feasible strategies for the basic pension fund market investment operation to ensure that the basic pension fund will be realized at the relatively low level of risk.The sustainable development of the pension in the capital market is of great significance to promote economic development and maintain social stability.This paper is divided into seven parts to study the basic pension fund of our country into the market: the first part is the introduction which mainly introduces the background of the topic selection,its significance,relatively domestic and foreign research status,its research ideas,methods,innovation and so on.The second part mainly elaborates on the related concepts and theoretical basis,including the definition of pension,basic pension fund and basic pension funds market,and it also involves the theory of principal-agent,economic regulation,risk management and investment portfolio.The third part mainly introduces the current situation of the basic pension funds in our country,and expounds the development courses of the basic old-age insurance system and the main problems of the basic pension fund operation.The fourth part is mainly about the necessity and feasibility of basic pension fund into the market which intends to show that out nation's basic pension funds into market is an inevitable trend.The fifth part elaborates the risk of the basic pension fund market in our country,mainly including the system risks and thenon-system risks.And this part use empirical analysis as am example to confirm it.The sixth part introduces typical pension schemes of Singapore,Chile and the United States and sums up their experience.Finally,on the basis of summing up the experience in domestic and foreign,some countermeasures and suggestions are put forward toward the risk of the basic pension fund market investment operation in China.