The Reserch On The Entering To Captial Market Of American Pension

With the aging of our population deeper level, the role of pension systems in thesocial stability and economic development becomes increasingly important.Ourpension system there are currently many problems, the basic pension insurance fundlong-term depreciation of the shrink that one of its main problems.The basic pensioninsurance fund is a major component of the pension, which is currently limited to theform of investment in the bank and buy bonds these two.Risk in bank deposits andgovernment bonds, although very low, but it is also correspondingly lower yields;coupled with the trend of recent years, persistent inflation, making the basic pensioninsurance fund faces a serious shrinkage problem.In the experience of developedcountries, on the pensions market operations are feasible way to achieve increasingthe value of the pension.On the one hand, the feature makes its pension paymentsdeferred long-term investment properties; on the other hand, compared to the Chinesecapital markets in developed countries tend to be more robust.Thus, the pension has along-term investment properties to use the capital markets to share the fruits ofeconomic development, in order to achieve its preservation and appreciation.In countries achieved the pensions market operations, the U.S. pensionoperations more successful.Market and increasing the value of the pension to seek notonly greatly enriched the U.S. capital markets, and strengthening the institutionalinvestors, and the development of the capital market, in turn, promote the preservationand appreciation of pensions.In this paper, the United States, for example, describedin detail the process of U.S. pension market, the interpretation of the U.S. pensionmarket operating system, analyzes the U.S. pension market in the U.S. capital markets;On the basis of presentation of the pension system, analysis of pension market wherethe barriers to the adoption of the Sino-US comparison, the market ready for ourpension propose appropriate policy recommendations.