The Study on Aviding the Risk of the Diversified Investment of Chinese Social Security Fund
|Keywords||Social Security Fund Diversified investment Risk Risks avoidance|
In 2000, Chinese Social Security Fund was established. The fund was put into operation officially in 2001. In this developed decade, the investment way of the National Social Security Fund not only changed from a single process to a diversified process, but also has expanded in the following aspects, such us the types of investment tools increased, the scope of investment enlarged, the fields of investment extended and so on. Meanwhile, we have made great progress in the investment management operations. However, people are not satisfied with the achievements for the present. There are three main reasons to explain that. Firstly, the old aging problem becomes more and more serious. It stands in front of people like a huge mountain, so in order to cope with the impacts that happened in the future, the income of the National Social Security Fund Investment has to increase to ensure that it can make the balance between payment and gain. Secondly, in recent years natural disasters such as tsunamis, earthquakes, floods and so on happened suddenly, they destroyed the lives of people even theirs hometown. So many people have lost everything, they need help. In this situation, the Social Security Fund will play a greater role. Thirdly, because of the unsteadiness in the economic surroundings and capital markets, the income of Social Security Fund has become more unpredictable. Therefore, how to make the diversified investment of National Social Security Fund both in safe and stable operation is the focus which many people pay attention to. Of course, the income of the investment can’t be neglected.According to this issue, the paper analyses the problem from threes levels. On the first place, the writer analyses the income of Chinese Social Security Fund in details in the first decade and elaborates the types of risks that appeared in the investment process. On the second place, the writer proposes different methods of controlling the risks appeared in investment according to different tools. To examine the feasibility and effectiveness of the methods of controlling the risks, the writer uses a lot of data. After that the writer makes the conclusion that we should not only adjust the ratio of different tools but also control the risks in each tool to avoid the loss in diversified investment of Social Security Fund. Finally, this paper argues that building the investment risks management system, improving the process of investment risks supervision, and constructing other related systems to get the target will be good measures to avoid the new risks appeared in the process of diversified investment of Chinese Social Security Fund.