Research On The Investment Management System Of China's Basic Endowment Insurance Fund

China's basic endowment insurance system is gradually established and improved,accompanying with the industrialization development. Its fundamental feature is to emphasize the responsibility of the state and government. Our country's basic endowment insurance system is meant to maintain the social stability and promote socio-economic development,and play the role of "shock absorbers" and "safety valve" in the process of economic development. What's more, endowment insurance fund is the key point of the endowment insurance system, so the success of investment management system of the endowment insurance fund is closely related to the the goal of the endowment insurance.For now, the universal system of the basic endowment insurance has been established in our country. The size of the fund has become bigger and bigger. However, the investment management system of the fund has a lot of trouble, for instance, the diversity of fund management body, lower level of fund invest management and the changing chaos of investment management policy. Meanwhile, with the population aging silver wave, the pay for pension is facing a huge crisis, heavily threating the elderly's future basic life standard.Our investment management system is facing challenges which have never met.Above all, as the important component of the endowment insurance, the selection of investment management system has caused the wide public concern from all walks of life.On August 23,2015,the state department issued the new statute:<The way of the investment management of the basic endowment insurance fund>,it introduces China's investment management system of the endowment insurance, establishing "the relative concentration trust management model of the Fund". However, this statue is just a preliminary sketch of China's endowment insurance investment management system, the further specific plan and design will be required.This paper is made of five parts. The main contents of each part as follows.Part one: Basic theories of endowment insurance fund investment management. This part defines the meaning of the basic endowment insurance fund, and summarizes some general theories and principles which should be obeyed by the investment management, in order to ensure the safety and the profits of the funds.Part two: This part mainly analyses the historic and current problemsin our country'sbasic endowment insurance fund, especially in the process of the investment management of the basic endowment insurance fund.Part three: The research for the abroad experience about the investment management of the basic endowment insurance fund. Through introducing the characteristics of the abroad pension fund investment management model, this paper concludes some good revelations which can be adapted for our country.Part four and five: These two parts are the core parts of this paper, They not only suggest the relative solutions for practical obstacles,but also give some reform suggestions adapting to the endowment insurance system with social account and personal account.