Research On Risk Management Of Pension Fund Project

China's pension insurance system reform and succession from 1980 s, the implementation of the pension insurance social pooling, ninety's proposed unified account reform ideas, after more than 20 years of development, China has gradually established a multi-level comprehensive pension insurance system. In the management of pension insurance fund, there are many risks, such as the fund income can not meet the needs of the payment, the gap continues to expand, the fund management system is a problem, the fund is appropriated, the fund's investment operations are difficult to realize the value of the value, etc., are threatening the healthy development of the fund. This paper first analyzes the significance of the research, the paper shows that the security of the pension fund is related to social stability and people's happiness, and it needs a scientific and perfect management system. At the same time, the paper reviews the literature on the investment operation of pension insurance fund, which provides a theoretical basis for the rest of the paper.Secondly, this paper introduces the theory of China's pension insurance system,investment operation and risk management theory, the risk identification. Again, by drawing on the foreign pension insurance fund project investment management model and the investment risk and benefit analysis, the combination of China's specific institutional environment and the development of capital market, the absorption line with the advantages of the development of China's pension insurance fund. The capital asset pricing model CAPM is a positive analysis of the investment risk and income measurement of the social security fund project. Finally, combining with the project risk management and some methods of financial management and finance, the paper systematically puts forward the prevention and Countermeasures of the risk in the project of China's pension insurance fund.