Pension Investment Research Based On PPP Model

McKinsey,a world-renowned consultancy,has studied China's past infrastructure investment and calculated that the total investment in infrastructure will reach US $20 trillion by 2036.McKinsey's calculations take into account not only our growing infrastructure needs,but also our economic development and the pace of urbanization.The investment targets of infrastructure include the construction of highways,ports,airports,high-speed railways,rail transportation,electricity and so on,which are closely related to people's livelihood and economic development.The five year plan in China in thirteenth,also proposed our country to invest in many aspects of electricity,water,transportation and energy,the rapid advance of the construction of our country,to promote economic development,lay a good foundation to improve the level of people's livelihood.As an investment target,infrastructure has the characteristics of stable return on investment,long investment cycle and low risk.These characteristics are the main considerations for the investment target of pension.Therefore,to promote the good match between the pension investment infrastructure can not only realize the investment and investment targets,but also to form a virtuous cycle in both,for pensions and infrastructure construction is a win-win result.In the international community,there are many ways to invest in infrastructure,mainly divided into two types:direct investment and indirect investment.Direct investment refers to the selection of project investment projects-projects and a series of process,direct investment in infrastructure,indirect investment refers to the trust funds,stocks,bonds,etc.,involved in infrastructure investment.However,because of China's capital market is still underdeveloped,many infrastructure investment is not suitable in our country,so this article focuses on the pension to public-private investment infrastructure specific process and facing some problems.BOT is a way of financing the project,with the development of China's economy,the financing method has become the mainstream way of project financing in China,has made outstanding contributions to China's infrastructure development,but with the development of China's capital market,this kind of method in actual operation and risk control process and gradually revealed some drawbacks,the infrastructure investment facing difficulties in financing.In order to improve the infrastructure project financing,the actual situation in China based on the development,put forward to adapt to the infrastructure project financing mode-PPP mode,the mode of promoting pension participation in infrastructure investment and the government plays a leading role,and laid a good foundation for the infrastructure investment and operation of the market,at the same time the operation method and risk control method is more professional,to improve the efficiency of operation of infrastructure investment,reduce the degree of project risk.