A Study of Conditionality Factor on the Occupational Pension Market’s Development in China
|School||Southwestern University of Finance and Economics|
|Keywords||Enterprise annuity market Enterprise annuity risk control Constraints|
First, the background and significance of the paper since the 1970s, in order to improve the operational efficiency of the pension, to strengthen the supervision of the pension in order to alleviate the financial pressure on the payment, response to population aging crisis in the developed market economy countries experienced market-oriented reform of a pension system, pension security gradually shifted from the government-led management model of the three pillars of the basic old-age insurance, annuities and personal savings pension insurance multi-level system. In China, the enterprise annuity refers to enterprises and their employees in accordance with the law to participate in the basic old-age insurance on the basis of a voluntary supplementary pension insurance system. With the aging population in China increased speed and our three-pillar pension insurance system to build and improve enterprise annuity will play an increasingly important role in the economic life of our people. Micro terms, it is both to improve the staff retirement quality of life of material security, the enterprise important content and means of human resource management, but it also provides various financial institutions of new business space and the source of profits. Some experts even believe that the enterprise annuity is in our national macro-control, financial institutions, a new extraordinary development point. From a macro point of view, China has entered the aging society, the sharp increase in pension, the government has not the endowment of the people can not afford to assume unlimited liability. Countries through institutional arrangements, moderately reduce the responsibility of the national old-age insurance system, increase the responsibility of businesses and individuals, from this sense, the enterprise annuity has become the government's macro-control means to achieve the political goals of the government. In addition, due to the the enterprise annuity can accumulate large amounts of funds, corporate pension funds can be used as an important institutional investors access to capital markets, the development of China's financial market will have a huge impact. The efforts of the parties, the overall framework of the enterprise annuity market in China has initially established, has also made great achievements. Vigorously promote by all parties, more and more enterprises and employees never know enterprise annuity to know and then to understand the formation of the large state-owned enterprises to actively establish, interested in small and medium enterprises, social organizations gradually involved in the situation; major financial institutions. with keen interest and actively seek enterprise annuity management qualification in marketing efforts at the same time, strengthen self-construction, and strive to provide better service; various government departments to actively seriously, constantly introduced various policies to guide the development of the market. Enterprise annuity in China is a new thing, the general lack of the concept and awareness of the match, the operation of the enterprise annuity market is still not standardized, facing many problems. To better solve the pension problem for workers, improve the social security system, to promote the better development of China's enterprise annuity market has been imperative. The development of China's enterprise annuity market, in particular, the need for analysis of the factors restricting the development of China's enterprise annuity market. Second, the main ideas and structure based on the above understanding, I try to analyze the constraints of the enterprise annuity market and initially set up the analytical framework. On this basis, the author of the experience of the foreign enterprise annuity market development is introduced. Taken in the United Kingdom is a multi-pillar old-age security, through years of development, the United Kingdom has formed a relatively mature enterprise annuity market, we selected as the primary analysis sample. China's special political and economic conditions, by foreign enterprise annuity market analysis, to arrive at specific factors restricting the development of enterprise annuity market, and then to make an accurate judgment on the status quo of China's enterprise annuity market. Which explore the development of enterprise annuity in China about the ideas and specific supporting measures. To analyze the current situation and development of China's enterprise annuity market is divided into the following four parts: the first chapter from the enterprise annuity market demand and supply, and the role of government and market risks faced four aspects of theoretical analysis. To build the overall analytical framework for the development of the enterprise annuity market. Enterprise annuity market and other markets, demand and supply is the most basic constraints; enterprise annuity is part of the social security system in China and other markets, the need for government involvement; The enterprise annuity ultimate mission is to provide the workers with old-age security, how to control the risk of enterprise annuity market throughout the operation of the enterprise annuity always. In the second chapter, the author first general briefing of the foreign enterprise annuity market development, the development of the foreign enterprise annuity market is divided into three stages. On this basis, the enterprise annuity market in the United Kingdom, for example control four aspects of demand, supply, the role of government, and risk analysis, and derive an important revelation. Chapter III from the reality of China's political and economic conditions as a background, the constraints affecting the development of China's enterprise annuity market analysis, pointed out that the problems facing the market, analyze its causes. Chapter more deeply about how to develop China's enterprise annuity market. First author from the market analysis of China's enterprise annuity market potential is enormous. Expand our enterprise annuity market demand, we propose should be gradual reform of the basic pension insurance system and the establishment of the scientific enterprise employment system. Authors through the analysis of the case of the two pension insurance companies of peace and the Pacific, that the financial holding group in the enterprise annuity market will be an advantage, it will become a major force in the market. In addition, in order to better coordinate the functions of our various departments in the enterprise annuity market, the paper also explore how to establish an effective coordination mechanism. Finally, the question of how to establish an effective risk control mechanism. Thesis static analysis and dynamic analysis method of combining. In China's enterprise annuity market analysis, static analysis, dynamic analysis methods used in the analysis of how the development of China's enterprise annuity market. Comparative analysis. In this article, in the analysis of the status quo of China's enterprise annuity market-side comparisons of foreign and domestic as well as qualitative and quantitative comparison. Inductive and deductive methods in the analysis of the development of the foreign enterprise annuity market use inductive reasoning from individual examples of the general principle, using deductive method again to make judgments on China's enterprise annuity market development to the use of the general principles of to the case of our country. 4 description of the method of analysis and synthesis of the status quo analysis method first break down the various parts of the enterprise annuity market to study, and finally again the various parts together as a whole comprehensive study. Thesis innovation. Thesis topics fresh perspective and enterprise annuity is a hot issue in the community, but how to develop China's enterprise annuity market, there are still considerable controversy. How to regulate the relationship between enterprise annuity with the basic old-age insurance and how to promote the healthy development of the enterprise annuity we must seriously face and think about the major theoretical issues. The paper closely linked to the constraints of the enterprise annuity market, trying to learn by comparing, made a number of ideas to improve China's enterprise annuity market. Therefore, writing papers explore some theoretical and practical significance, and has certain forward-looking. Papers the initial establishment of the overall analytical framework for the analysis of enterprise annuity market development, and seeks to many factors affect the development of enterprise annuity market throughout, but not all constraints. Establish the constraints of the overall analytical framework in the first chapter, and throughout the text, so that the paper focused, shaped scattered God that lingers, and then a deeper understanding of the development of enterprise annuity market. 3. Proposed method of combining point of view I have some new ideas through case studies and theory, emphasizing the analysis of the financial holding group in the enterprise annuity market will be an advantage, it will become an important force in the enterprise annuity market. Establish a government coordination mechanisms, the author proposes the establishment of the National Council for enterprise annuity some new ideas, such as the establishment of a leadership level or above is responsible for the informal temporary the enterprise annuity Council, responsible for the regulatory enterprise annuity market development, so that it and orderly development.