Research On Stock Market Risk Of The Investment Of Insurance Funds In China

Insurance funds in China in March 2005,in the form of direct entry into the securities market,this is a historic breakthrough of our country's use of insurance funds.It can not only broaden the use of insurance funds channels,and improve the yield of insurance funds.Can also funding the securities market,increase the stability of the market,realize the benign interaction of insurance market and the securities market.But in the market after the use of insurance funds will also face greater risks,especially in the current our country stock market speculative and policy,under the condition of the immature and standardize the operation of the market,the insurance company must depend on the safety of insurance funds operation to make sure it has enough ability to pay.Therefore,how to prevent and resolve the risk of insurance funds into the market has become an important issue facing the insurance industry in China.This article first carried on the thorough research with the state of the investment of insurance funds,then a detailed description of the process of insurance funds invest in the stock market.And analyzes the investment of insurance funds in the stock market risk,including the use of capital asset pricing model(CAPM)to the empirical analysis,insurance funds invest in the stock market through calculating CAPM to the analysis of insurance funds invest in the stock market system risks.Although CAPM have limitations to some extent,but through the CAPM,the simple calculation,also can reflect the risk of insurance funds invest in the stock market to be reckoned with,should cause our attention and analysis of the United States,Britain and Japan for the investment of insurance funds advanced experience of the stock market and the analysis of risk capital market in China related issues,and learn to relevant regulations of The Three counties.Finally put forward for China's insurance market risks related aspects of the proposal.