Differentiated Investment Strategy Of Personal Pension Account

The world social security research center at the Chinese academy of social sciences published "China pension development report 2013" shows that in 2012 China’s urban basic endowment insurance individual account empty account to 260 million yuan. In this context, the pressure has become a reality, to fully fund personal old-age pension accounts and the resulting personal account investment and management of the operation is also becoming more and more important. Given individual heterogeneity leads to individual account owners of financial assets configuration needs to be different, in order to improve the management and operation of pension personal account of the effect, according to financial asset allocation preferences of investors for investment will be the trend of The Times to realized the pension personal account.In this paper, the concept "pension personal account differentiation strategy",to the hall three-dimensional model of systems engineering as the foundation of modeling, the application of data mining as a technical support, from account of individual, product dimension of three dimensional construct pension personal account differentiation investment three-dimensional model, for differentiation of Chinese pension personal account investment to provide a quantitative analysis framework for reference. Around the above purpose, this article research work mainly includes three parts:The first part:in the hall, on the basis of 3 d model, combining with the characteristics of pension investment, the refined personal dimension, account, product dimensions, build up 3 d model "differentiation" pension personal account investment. List the containing of each dimension, and the model of the overall operation mechanism, as the pension personal account quantitative analysis of the differences of framework.The second part:using data mining technology, the realization of the categorization of the pension personal account. First of all, the combination of personal and product dimensions, through inspection and Bartlett KMO test, factor analysis, Logistic regression, picked out the pension personal account owner the key indicators of financial asset allocation preferences. Then, combination of personal and account dimensions, through clustering and the trees classification, structure classifier, for large pension personal account classification, the pension investment management institution may, in accordance with individual heterogeneity characteristics of investors, individual account according to the grades of risk level can be divided into:enterprise type, growth, and balanced type and conservative type four categories, make different investment strategy.The third part:to explore suitable for China’s political and economic system in the pension personal account differentiation strategy. From broadening the scope of investment products, differentiation portfolio allocation, is analyzed, and the evaluation of the effect of investment strategy Angle, and put forward the corresponding policy recommendations.