黑龙江省养老金投资组合研究
发布时间：2019-01-08 08:12
【摘要】：按着人口老年人所占比例进行对比,中国的中老年人的人数在全球来讲,中国当然是排在第一位的,在老年人口不断增长的今天,对我国现在和谐社会不断发展造成了很大的阻力。我国的居民晚年的生活保障问题越加明显,要想以确保社会的和谐发展,就必须要建设完美的养老保护措施,可以较好地解决人口老龄化的问题。然而良好的养老保障不仅是依靠国家来完成的,即使加上居民自己所缴纳的养老金年也不足以解决国民养老问题。所以,必须找到更有效的解决方案,只有养老基金在资本市场中合理的进行投资组合,才能更好的保障养老保险基金保值增值,两者之间的关联度是非常高的。 黑龙江省目前正面临着养老基金的巨大的缺口,黑龙江省正在实施的是现收现付制和完全积累制相结合的部分积累制,以收定支,养老基金受益人根据个人在工作中的个人账户累计价值,确定其退休后获得的工资收入,在一定的意义上,可以说是个人储蓄的性质。为确保这些资金增值和对抗通胀压力,为此研究角度是从黑龙江省养老保险基金发展的现实状况作为出发点,首先回顾一般的养老基金投资组合理论并且通过实证研究来分析黑龙江省当前的养老基金投资组合的合理性,然后再分析影响黑龙江省养老基金投资组合中的一些问题,分析出黑龙江省养老基金投资组合的合理比例,最后,针对黑龙江省现状和实证结果提出黑龙江省应怎样进行有效的养老基金投资组合。 首先黑龙江省在将省内养老基金在市场中进行了投资,在得到的实际收益情况下,设立模型是针对投资组合的而建立,并通过SPSS12.0这个统计分析软件对这个新建立的模型进行实证分析。经过认真研究,以得出当今将黑龙江省养老金在运作的实际收益情况下,未能达到使黑龙江省养老金稳定升值目的,于是进而提出问题是怎么才能让它进行最有效的投资运作；其次,开始关注黑龙江省养老基金从养老保险基金投资组合的最优财产组合出发；最终在黑龙江省养老金运作的基础规则、投资准则研究的基础上,针对黑龙江省养老基金有效组合进行合理化建议。
[Abstract]:Compared to the proportion of elderly people in China, the number of middle-aged and elderly people in China is, of course, the first in the world. Today, when the elderly population continues to grow, To our country now harmonious society unceasing development caused the very big resistance. In order to ensure the harmonious development of the society, we must construct perfect old-age protection measures to solve the problem of aging population. However, good old-age security not only depends on the state, but also does not solve the problem of national pension by adding the pension years paid by the residents themselves. Therefore, we must find a more effective solution, only pension funds in the capital market in a reasonable portfolio, in order to better protect the value of pension insurance funds, the correlation between the two is very high. At present, Heilongjiang Province is facing a huge gap in pension funds. What Heilongjiang Province is implementing is a partial accumulation system combining the pay-as-you-go system and the full accumulation system in order to collect and pay. According to the cumulative value of individual account in work, the beneficiary of pension fund determines the salary income after retirement. In a certain sense, it can be said to be the nature of personal savings. In order to ensure that these funds increase in value and combat inflationary pressures, the research angle is based on the reality of the development of pension insurance funds in Heilongjiang Province as a starting point. This paper reviews the general pension fund portfolio theory and analyzes the rationality of the current pension fund portfolio in Heilongjiang Province through empirical research, and then analyzes some problems affecting the pension fund portfolio in Heilongjiang Province. This paper analyzes the reasonable proportion of the pension fund portfolio in Heilongjiang Province, and finally, according to the present situation and empirical results of Heilongjiang Province, puts forward how to carry out the effective pension fund investment portfolio in Heilongjiang Province. First of all, Heilongjiang Province has invested pension funds in the market in the province. In the case of actual income, the establishment of the model is based on the investment portfolio. And through the SPSS12.0 statistical analysis software to this new model for empirical analysis. After careful study, we can draw the conclusion that the pension in Heilongjiang Province can not achieve the purpose of stable appreciation of pension under the actual income of operation, so the question is raised how to make it the most effective investment operation; Secondly, starting from the optimal property portfolio of pension fund portfolio, the pension fund of Heilongjiang Province began to pay close attention to it. Finally, on the basis of the basic rules and investment criteria of pension operation in Heilongjiang Province, reasonable suggestions are made for the effective combination of pension funds in Heilongjiang Province.
【学位授予单位】：哈尔滨商业大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F842.67
[Abstract]:Compared to the proportion of elderly people in China, the number of middle-aged and elderly people in China is, of course, the first in the world. Today, when the elderly population continues to grow, To our country now harmonious society unceasing development caused the very big resistance. In order to ensure the harmonious development of the society, we must construct perfect old-age protection measures to solve the problem of aging population. However, good old-age security not only depends on the state, but also does not solve the problem of national pension by adding the pension years paid by the residents themselves. Therefore, we must find a more effective solution, only pension funds in the capital market in a reasonable portfolio, in order to better protect the value of pension insurance funds, the correlation between the two is very high. At present, Heilongjiang Province is facing a huge gap in pension funds. What Heilongjiang Province is implementing is a partial accumulation system combining the pay-as-you-go system and the full accumulation system in order to collect and pay. According to the cumulative value of individual account in work, the beneficiary of pension fund determines the salary income after retirement. In a certain sense, it can be said to be the nature of personal savings. In order to ensure that these funds increase in value and combat inflationary pressures, the research angle is based on the reality of the development of pension insurance funds in Heilongjiang Province as a starting point. This paper reviews the general pension fund portfolio theory and analyzes the rationality of the current pension fund portfolio in Heilongjiang Province through empirical research, and then analyzes some problems affecting the pension fund portfolio in Heilongjiang Province. This paper analyzes the reasonable proportion of the pension fund portfolio in Heilongjiang Province, and finally, according to the present situation and empirical results of Heilongjiang Province, puts forward how to carry out the effective pension fund investment portfolio in Heilongjiang Province. First of all, Heilongjiang Province has invested pension funds in the market in the province. In the case of actual income, the establishment of the model is based on the investment portfolio. And through the SPSS12.0 statistical analysis software to this new model for empirical analysis. After careful study, we can draw the conclusion that the pension in Heilongjiang Province can not achieve the purpose of stable appreciation of pension under the actual income of operation, so the question is raised how to make it the most effective investment operation; Secondly, starting from the optimal property portfolio of pension fund portfolio, the pension fund of Heilongjiang Province began to pay close attention to it. Finally, on the basis of the basic rules and investment criteria of pension operation in Heilongjiang Province, reasonable suggestions are made for the effective combination of pension funds in Heilongjiang Province.
【学位授予单位】：哈尔滨商业大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F842.67
【参考文献】
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