Effective Investment Of The Pension Insurance Personal Accounts Fund

The reform of original endowment insurance start since the early 1990s,create the system of accumulated in individual accounts fund, due to the special reason, Individual accounts have been "empty account" operation until national document which is make an pilot in Liaoning release relevant in 2000From the pilot situation, the fund size will increase rapidly when individual accounts will become a real account, but the existence of large funds in banks alone can not automatically preserve and increase the value, which is facing Strong investment needs.In fact, on one hand, it is not only to make pension funds preserve and increase the value, but also to cope with payment of pension's crisis due to the ageing of the population in the future, if we can get a reasonable investment operations. On other hand, it is useful to improve the development of economy and capital market. reflect the interactive relationship between insurance funds and economic growth. Thus base on the security and liquidity needs, how to carry on effective investments for improve the performance of individual account funds is a practical problem in social security field.There are five main sections of the body: first chapter on Development status of capital markets and the access barriers of individual account funds enter the capital market in china.The second chapter tells us the practice and enlightenment by the investment of old-age insurance fund in a foreign country. Introduce Specific on Chile, Singapore, the U.S,and give the enlinghtment for investment in my country.Chapter 3 focuses on investment management model about the personal account of endowment insurance fund. Discussion on the choice of investment management model and model design through the Fund's definition of property rights.Chapter 4 major in analysis of fund investment strategy, through the establishing modeland use data to analize the Fund's investment portfolio ratio, and make relevant recommendations of the investment strategy.Chapter V: analize the risk about individual account fund to invest, give some suggestion against risk control and supervision. finally, give the research conclusions and aggregate the shortage of this thesis'...