Research On The Pension Funds Investment & Operation

To establish and perfect a pension system, which is up to the real situation of one country is one of the key issues most countries focus on. Our pension system has taken shape after a couple of main changes. Compared with foreign development situation of pension funds, domestic depreciation-proof and value added channel of pension funds is relatively single, and the situation of fund operation is also very severe. Many scholars have proposed to imitate the foreign experience in funds management and suggested the multi-investment of pension China. But the things are whether the development status quoted in domestic capital market can meet the basic condition of pension funds' operation and investment (We must emphasize the security, liquidity and profitability as well). And that is a problem, which deserves our deep discussion.Starting with the mutual relationship between pension funds and capital market, this article discusses the workability and necessity of marketed operation. Secondly, after introducing successful experience of Chile, Singapore and America pension system, it gets useful advice, Finally, it suggests detailed tactics, that is to say, it designs reasonable fund operation style, picks up workable investment instrument, and arranges suitable investment structure, according to the request of security, liquidity and profitability,...