發(fā)布時(shí)間：2018-02-04 17:43

  本文關(guān)鍵詞： 養(yǎng)老金基金 資本市場(chǎng) 互動(dòng)　出處：《北京交通大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

【摘要】：養(yǎng)老金基金是社會(huì)保障制度可持續(xù)發(fā)展的重要經(jīng)濟(jì)基礎(chǔ)。伴隨著人口老齡化進(jìn)程的加快,社會(huì)保障財(cái)政負(fù)擔(dān)的日益加重,養(yǎng)老金基金進(jìn)入資本市場(chǎng)實(shí)行保值增值的要求也越來(lái)越高。同時(shí),資本市場(chǎng)的進(jìn)一步完善也需要養(yǎng)老金基金的參與,兩者的互動(dòng)是一個(gè)互惠的過(guò)程,只有更全面健康的資本市場(chǎng)存在才能保證基金的保值增值順利進(jìn)行。然而,我國(guó)養(yǎng)老金基金存在籌資渠道不暢、投資運(yùn)營(yíng)效果不佳、投資運(yùn)營(yíng)風(fēng)險(xiǎn)防范不力、保值增值不理想、監(jiān)管措施無(wú)力等問(wèn)題；而資本市場(chǎng)中同樣存在金融工具不夠多樣、機(jī)構(gòu)投資者隊(duì)伍不夠成熟、投資理念不健康、上市公司內(nèi)部結(jié)構(gòu)不合理等問(wèn)題。這些問(wèn)題嚴(yán)重地影響了養(yǎng)老金基金的保值增值,使養(yǎng)老金基金的支付增長(zhǎng)速度遠(yuǎn)高于收入的增長(zhǎng)速度,影響到國(guó)民經(jīng)濟(jì)的發(fā)展。因此對(duì)養(yǎng)老金基金與資本市場(chǎng)的良性互動(dòng)研究具有重要的理論意義和實(shí)踐意義。 本文共分為六個(gè)部分。第一部分主要闡述本文的研究背景、意義及方法。第二部分主要對(duì)養(yǎng)老金基金和資本市場(chǎng)的各自相關(guān)涵義進(jìn)行回顧。第三部分進(jìn)一步提出兩者的互動(dòng)關(guān)系,為探討?zhàn)B老金基金與資本市場(chǎng)具體互動(dòng)提供研究理論基礎(chǔ)。第四部分對(duì)國(guó)外養(yǎng)老金與資本市場(chǎng)之間的互動(dòng)關(guān)系進(jìn)行研究,并總結(jié)養(yǎng)老金基金與資本市場(chǎng)互動(dòng)的國(guó)際經(jīng)驗(yàn)。第五部分深入我國(guó)養(yǎng)老金基金與資本市場(chǎng)的實(shí)際情況,提出我國(guó)養(yǎng)老金基金與資本市場(chǎng)互動(dòng)中仍存在的種種問(wèn)題。最后第六部分則在以上研究的基礎(chǔ)上,結(jié)合國(guó)外養(yǎng)老金基金與資本市場(chǎng)互動(dòng)中運(yùn)營(yíng)與監(jiān)管的實(shí)踐,探討出適合我國(guó)養(yǎng)老金基金與資本市場(chǎng)互動(dòng)的方式、環(huán)境等方面的改善啟示。
[Abstract]:Pension fund is an important economic foundation for the sustainable development of social security system. With the acceleration of population aging process, the financial burden of social security is increasing day by day. At the same time, the further improvement of the capital market also needs the participation of pension funds, the interaction between the two is a mutually beneficial process. Only the existence of a more comprehensive and healthy capital market can ensure the maintenance and appreciation of the fund smoothly. However, the pension fund in our country has poor funding channels, poor investment and operational effects, and inadequate prevention of investment and operation risks. The maintenance and increment of value is not ideal, supervision measures are weak, and so on; But the capital market also exists the financial instrument is not diverse, the institutional investor troop is not mature, the investment idea is not healthy. The internal structure of listed companies is unreasonable. These problems have seriously affected the maintenance and appreciation of pension funds, so that the increase rate of pension funds payment is far higher than the growth rate of income. Therefore, it is of great theoretical and practical significance to study the benign interaction between pension fund and capital market. This paper is divided into six parts. The first part mainly describes the research background of this paper. The second part reviews the respective meanings of pension fund and capital market. The third part further puts forward the interaction between the two. In order to explore the specific interaction between pension funds and the capital market to provide a theoretical basis. 4th part of the study of foreign pension and capital market interaction between the relationship. And summarizes the international experience of the interaction between pension fund and capital market. 5th part goes deep into the actual situation of pension fund and capital market in our country. The last 6th part is based on the above research, combined with the practice of operation and supervision in the interaction between foreign pension funds and capital markets. This paper probes into the ways of interaction between pension fund and capital market and the improvement of environment.
【學(xué)位授予單位】：北京交通大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F842.67;F832.51

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