本文選題：基本養(yǎng)老保險(xiǎn)基金　切入點(diǎn)：指數(shù)化投資　出處：《西南交通大學(xué)》2014年碩士論文

【摘要】：目前我國(guó)的養(yǎng)老保險(xiǎn)基金體系由社會(huì)基本養(yǎng)老保險(xiǎn)基金(簡(jiǎn)稱養(yǎng)老金)、全國(guó)社會(huì)保障基金(簡(jiǎn)稱社�；�)、企業(yè)年金基金組成,全國(guó)養(yǎng)老保障體系已基本形成以社會(huì)養(yǎng)老保險(xiǎn)為主體、以企業(yè)年金和商業(yè)養(yǎng)老保險(xiǎn)為輔助的三支柱制度框架。 近年來,基本養(yǎng)老保險(xiǎn)基金雖然累計(jì)結(jié)存余額逐年增大但投資收益較低,按照專家鄭秉文的說法,從2001年至2011年間中中國(guó)養(yǎng)老保險(xiǎn)基金“縮水”近6000億元。因此使基本養(yǎng)老保險(xiǎn)基金參與市場(chǎng)運(yùn)作實(shí)現(xiàn)保值增值已成為不可阻擋之勢(shì)。然而選取何種方式投資這筆“養(yǎng)老錢”,都要將安全性必須作為投資考慮的首要因素。指數(shù)化投資作為一種可在保證安全性的前提下提高收益作為筆者研究的主題。 隨著資本市場(chǎng)的不斷發(fā)展和完善,提出基本養(yǎng)老保險(xiǎn)基金指數(shù)化投資策略,此種策略是把基本養(yǎng)老保險(xiǎn)基金投資理論基礎(chǔ)與指數(shù)化投資的理論基礎(chǔ)進(jìn)行關(guān)聯(lián),進(jìn)而描述基本養(yǎng)老保險(xiǎn)基金投資的原則,分析我國(guó)基本養(yǎng)老保險(xiǎn)基金指數(shù)化投資具備的現(xiàn)有條件,以及從養(yǎng)老金指數(shù)化投資在國(guó)外取得的有效性和我國(guó)指數(shù)投資取得的收益得出“適用”的結(jié)論,并說明我國(guó)基本養(yǎng)老保險(xiǎn)基金指數(shù)化投資已具備改革進(jìn)展和法律基礎(chǔ)、資本市場(chǎng)的發(fā)展基礎(chǔ)、宏觀經(jīng)濟(jì)的發(fā)展基礎(chǔ)、內(nèi)外部監(jiān)督的基礎(chǔ)等。 最后,說明我國(guó)基本養(yǎng)老保險(xiǎn)基金指數(shù)化投資的約束條件,并提出在法律、投資管理人、政府以及其他方面的對(duì)策建議。
[Abstract]:At present, the pension insurance fund system in China is composed of the Social basic Pension Fund (abbreviated as the pension fund), the national social security fund (abbreviated as the social security fund) and the enterprise annuity fund.The national old-age security system has basically formed a three-pillar system with social old-age insurance as the main body and enterprise annuity and commercial old-age insurance as the auxiliary system.In recent years, although the accumulated balance of the basic pension insurance fund has increased year by year, the investment income is relatively low. According to the expert Zheng Bingwen, from 2001 to 2011, the Chinese pension fund "shrank" nearly 600 billion yuan.Therefore, it is irresistible to make the basic pension fund participate in the market operation to maintain and increase its value.However, the security must be the first factor in the investment.Indexed investment is the subject of my research on the premise of ensuring safety.With the development and perfection of the capital market, this paper puts forward the indexed investment strategy of the basic old-age insurance fund, which relates the theoretical basis of the investment of the basic pension fund to the theoretical basis of the indexed investment.Then it describes the investment principles of the basic pension insurance fund, and analyzes the existing conditions for the indexed investment of the basic pension insurance fund in China.The conclusion that "applicable" is drawn from the validity of the indexed pension investment abroad and the income obtained from the index investment in our country, and the conclusion that the indexed investment of the basic pension insurance fund in our country already has the reform progress and the legal foundation.Capital market development basis, macroeconomic development basis, internal and external supervision of the basis.Finally, the paper explains the restrictive conditions of the indexed investment of the basic pension insurance fund in China, and puts forward the countermeasures and suggestions in the law, the investment manager, the government and other aspects.
【學(xué)位授予單位】：西南交通大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F842.67;F832.51

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