社保基金投资的国际趋势及对我国的借鉴

自80年代以来,国际社保基金运作呈现出向私人机构倾斜及投资管制宽松化以及投资组合多样化趋势。我国社保基金95%以上都投资于银行存款和国债,投资收益率较低,不能实现社保基金的保值增值。随着老龄化社会的来临,为减轻乃至防止出现社保基金的支付风险,我们必须对现行的社保基金投资渠道进行拓展,将社保基金的储蓄形态转化为投资形态,最终达到提高社会总福利水平和总产出量,得以帕累托改进。

Lessons from the International Trend of Social Insurance Fund Investment

From 1980s on, the operation of international social insurance fund presents a trend of investment to private institutes and loose investment control and varieties of investment organizations. But 95% of Chinese social investment fund is deposited in the bank or used to buy national debt, hence the profit is very little and it is difficult to guarantee its value and value increase. With the approach of an aged society, in order to reduce and prevent the risk of its payment, it is necessary to widen its investing channels to make it invested to increase its total amount.