This article Firstly analyses the existing problems in the management of Social Security Fund in China. Second , by research to the economic and financial environment for SSF entering capital market, this article probe the theoretical basis for SSF, and make positive analysis and judgment on the investment value of our stock market by using OHLSON-MODEL. Then this article claims that the four components of SSF should take up corresponding portfolio with regard to the capital resource, purpose , extent of maturity and financial managerial system. Third, with the basis of comprehensive analysis of recent portfolio models, this article makes theoretical choice for SSF and suggestions for our existing investment instruments on SSF. At last, the author makes some innovation on development of investment instrument for SSF. |