Research On Investment Management Of China's Endowment Insurance Fund

With the social and economic development,human health care system has been greatly improve and perfect the human life also will be significantly extended.However,over the long term due to human population growth is practiced unrestricted policy,resulting in a substantial increase in population,it has inevitably led to an aging population trend.In our country for a long period of time,population growth has not restrictive policy as a constraint,resulting in a large number of our population.With the implementation of family planning policy,the population growth rate slowed slightly,but the attendant problem of population aging is more and more serious,has become one of the most restricting China's economic and social development challenges.With the increase of aging population,pension funds emerged,becoming the support of social development,promote economic growth,an important tool to protect the aging of the population lives,is related to people's livelihood,the relationship between the interests of the elderly population of subsistence,but also gradually exposed the problem income and expenditure imbalance.Pension fund there are various crises in the payment process,the implicit debt gap gradually expanded,therefore,to seek solutions to the crisis and the ways and means notch imperative.In the first chapter,the background and significance of the research are discussed,and the main contents and methods of the research are expounded.In the second chapter,the main research situation of domestic and foreign research is summarized and the main direction of clarification is studied.Chapter 3,Chapter 4 and Chapter 5 are the main chapters of this paper,from ways to address the pension fund starting with our pension fund investment management for the study,by analyzing the size,structure,earnings and risk profile of pension fund investment,and summarizes the problems faced by the fund,analyzes the optimal portfolio scheme of the fund according to Markowitz's portfolio model,and constructs the asset pricing model of the old-age insurance fund investment.At the same time,it puts forward the risk management of the fund's risk management Measures.Through analysis,we obtained the following conclusions:1)China's old-age insurance system by the three pillars to play a common role,but the main position is still the basic social pension insurance fund,is still the mainstream,the other two pillars only play a supporting role.2)Pension insurance fund investment management,the most important thing is to do a good job of pension insurance fund portfolio management.If the actual investment in the process can effectively carry out portfolio investment,pension insurance fund investment problems can be better resolved.3)The investment management of the old-age insurance fund also needs to manage and control its investment risk.In order to prevent the risk of investment in the fund and maximize the investment income,we should follow the principle of safety and profitability,respond to the investment risk in time,formulate and implement the risk response strategy,evaluate the investment risk response effect,determine the optimal investment income And risk combination program,establish and improve the fund risk monitoring mechanism.