The Research On The Investment Strategy Of Chinese Social Security Fund

The aged of the population are coming and how to improve the extent of the coverage of social security is a serious problem.so the fund become more and more stress.How to make the social security fund to pay and to prevent possible risks and to increase the value of social security funds is urgent. As of the end of 2007, the National Social Security Fund has more than 70 billion U.S. dollars, Social Security Fund's assets and the expansion of the market on an unprecedented scale. In this context, the social security fund's investment portfolio has become prominent problem. Under this background, the social insurance fund investment question appears more and more prominently.Therefore, how regarding in under the safeguard social insurance fund security premise, the realization society guarantees the fund to guarantee price the increment research, has the important theory and the practical significance.First, this article elaborated the horse branch Viets's investment profolio theory, the principal-agent theory and the VAR risk value theory, and introduced these theories simply in our country social insurance fund investment utilization.Next, guaranteed the fund to our country society the investment, the investment management pattern, the investment income and the investment risk has carried on the exhaustive analysis. Our country social insurance fund regarding the stock and so on the risk high investments, the social insurance fund council uses the request investment the way, this inevitable production principal-agent relates.At present, our country social insurance fund investment income is low, the investment risk is high. Moreover, our country social insurance fund also has the following problem in the investment operation: Invests the channel narrow, invests the supervisor internal control and exterior supervising and managing system not perfect, the fund management transparency is low, the information disclosure is not perfect.Finally, the question which exists in view of our country social insurance fund investment operation in, proposed the corresponding countermeasure, mainly includes: Observes the social insurance fund strictly the investment principle, the development social insurance fund investment channel, using the investment profolio theory disperser risk, strengthens to our country social insurance fund investment operation supervising and managing and the investment operation management necessary environment construction. This article has used the method which the standard research and the real diagnosis research unifies.Its innovation spot is carries on the analysis to our country social insurance fund investment operation present situation, and proposed the optimization social insurance fund investment operation strategy.However, because author's theory and the practice level are limited, the full text also has following deficiency: The partial theory elaboration depth and the breadth reveal the insufficiency slightly: If simultaneously utilizes the investment strategy which proposed, mutually between whether has the counterbalance effect.