| Social security fund is the core of the implement of the social security system and the safe operation of social security funds and its preservation and value-added is directly related to the general interests and social stability, therefore, the success of the social security fund regulation is directly related to the success of the system or structure. Based on the complexity of Social security funds, this paper took the current unsafe operation of China's social security fund and its serious practical result such as the illegal misappropriation or diversion of lots of Social security fund and the larger gap in Social Security Fund as a starting point, and then analysed. the problem that the lax internal controls and inadequate external regulation leads to the unsafe operation of Social Security Fund with the security policy in the investment of social security funds operating principles and "principal-agent" theory, "rent-seeking theory" of the operational regulation of social security funds. This paper proposed to Safeguard the legitimate rights and interests of the Fund Beneficiaries and construct "Balance & separation of Power-style" regulatory mode for social fund to ensure the safety of operation of social security funds. According to this idea, the paper is divided into the following four major.Partâ… :basic theory of social security fundsStarting from the theory, through the analysis to the security policy of the investment of social security funds operating principles and "principal-agent" theory, "rent-seeking theory" of the operational regulation of social security funds, This section indicates how to come to effective mutual regulation between the Principal and agent, how to manage Social Security Fund, how to prevent collusion between the main subjects during National Social Security Fund operation, so as to ensure operational safety of social security funds and laid the theoretical support points for the analysis of the reasons for unsafe operations of Social Security Fund.Partâ…¡:The status and Issues of Social Security Fund operationThis section discuss the operating status of Social Security Fund by discussing the operating scale and investment income of Social Security Fund, and analyze the funding gaps and empty account running caused by conversion and the aging of the population, the outflow of funds caused by diverting and misappropriate Social Security Fund, the funding constraints of National Social Security Fund, the diversified portfolio constraints of National Social Security Fund,the weak property rights protection of National Social Security Fund operating, and so on.Part III:Unsafe operations analysis of Social Security FundThis section analyzes the causes of insecurity caused by fund operations from the Social Security Fund's internal control and external regulation, and make deep study of the loss of the Japanese pension. The lax internal control system operation of Social Security Fund include not paying enough attention to internal control, the weak risk prevention awareness,the unsound internal control systems, and the lack of enforcement of rigid measures, the lack of effective internal control oversight, inspection and evaluation mechanisms. The lack of outside regulation of the Social Security Fund include the unsound legal system of Fund Operation and Inspection, multi-management and soft regulation and constraints, and low degree of information technology of Regulation of the Social Security Fund.Partâ…£:Suggestions for the safe regulation of social security fund operation.First, this section stressed the establishment and improvement of the objectives and the guiding principles for the regulation of China's social security fund security operation. Second, discuss ensuing the safety operation of China social security fund from how to strengthen internal control systems of social security funds. Finally, focus on strengthening the Social Security Fund of external regulatory functions; discuss the construction of the social security fund regulation laws and regulations from the perspective of safeguarding the legitimate rights of the beneficiaries, the restraint of the management and regulation of long soft constraints and other issues from constructing of the new "Balance & separation of Power-style" mode, the reinforcement of the construction of social security information network,the improvement of the efficiency of regulation and provide corresponding countermeasures for the regulation of the safe operation of the social security fund. |
