Research On China's Pension Fund Investment Capital Market Issues

To csrc,the insurance company and social-security fund,the enterprise pension and other types of institutional investors to participate in the stock market share of maturity,compared with the pension system undeveloped,and is not conducive to our capital markets in the process of construction,to improve the efficiency of our capital markets.The future will be made to develop institutional investors for social-security fund long-term funds for greater extent into the capital markets.meanwhile,the social security funds council expressed the director dai social-security fund will increase market share in the domestic stock investment will increase the proportion of total assets of 30%.By the end of 2008,the pension insurance funds 974.02 billion income of $30%,about $300 billion,such a large capital into the stock market,increase in domestic capital market.our current great influence of the capital market is still not perfect and equity structure of the derivatives and to the mechanisms,both institutions,laws and regulations,are not ripe to set up a complete systems.Although in recent years in the capital market reforms are in full swing,but how the pension fund research in our country's rapid development of capital market,investment in a money order to ensure the safety of the premise,the pension fund and promote the value of the pension fund and the capital markets development of all,it is a significant problem.Paper from the pension insurance funds the status quo and set off by reviewing the relevant documents and try to find out the old-age insurance fund operational process the problems and to this analysis,decisions on the back of the theory.by providing support to the pension insurance funds for capital market influence effect analysis,the pension insurance funds the positive and negative impact on the old-age insurance fund in the capital market strategies of the paper put forward some countermeasure and advices.and Finally put forward some countermeasure and advices.The proposal.some countermeasures were suggested by the study,study and research paper describes the qualitative and quantitative analysis and integrated approach to the following conclusions and:Institutional investors to participate in the stock market share of maturity,compared with the pension system undeveloped,and is not conducive to our capital markets in the process of construction,to improve the efficiency of our capital markets.It must therefore strengthen the management of the old-age insurance fund's investment of a control;formulate preferential policies to improve the old-age insurance fund benefits;provides a variety of instruments,for a pension increase of investment options.In addition to expand the old-age insurance fund's investment opportunities for investment and social insurance legislation,we quickened our pace and made social insurance law was not only in building socialism with chinese characteristics of the important task of the legal system and social security system has become a complete reform of the necessities and harmonious society priority list.