Research On The Risk Management Of Pension Investment Stock Market In China

In August 2015, China released "Basic Old-age Insurance Investment regulations " in which sets that expanding the scope of investment, improve the structure of investment, and change the model of’deposit-national debt’slowly into capital market model that investing stock, stock rights, stock index futures and so on. At the same time, the new regulations also make some request for the highest proportion of investing stocks, which is no more than 30 percent of net asset value. Eventually, the long-silenced old-age pension has been awakened. The entering of pension fund to the stock market, which can promote the development of the capital market, improve the structure of the capital market, and further promoting the develop ment of the real economy. At the same time, the investment results could increase the pension benefits, forming a win-win situation. However, in spite of this, we carry out the market inves tment of pension, but also should pay attention to risk management, the gradual relaxation of t he stock intake, establishing a sound regulatory mechanism, the investment method is reasona ble, in order to realize the benign situation of the pension and capital market mutual benefit and win.China’s existing pension gap is very huge while the national social security fund can only fill up part of it. Only knowing the long-term financing gap and revealing the potentially-supportive need can we reasonably arrange the financing scale and investing way. In addition, many exterior risks also influenced the financing gap, such as population, macro-economy. Taking all things into consideration are therefore really needed.The relationship between social security system and the people’s livelihood, the state is to improve the construction of social security, the government has always stressed the importance of social security system. In recent years, the protection of the people’s livelihood has been one of the core work of the government. Endowment insurance system is an integral part of the social security system, which has a very important significance for the stability of the common people and the social harmony.This paper mainly adopts the method combining experience reference and policy suggestion as well as chart analysis. Combining with the pension investment, capital market, risk management, and other related theories, by analyzing the risk of stock market our country pension investments may face and foreign pension success in the market risk management experience, following conclusions were obtained:pension funds investing in the stock market in our country, the first thing to do is to supervise and control the risk:In terms of process, we must manage the risk in advance, in-process and afterwards well; In terms of subject, we should control the risks of the government, institutional investors and risk market. At the same time, taking the related risk management measures, to ensure the safety of the pension investment. Meanwhile, it is also hoped that old-age pension and capital market can have win-win result through unremitting efforts.