本文对国际养老基金投资管理的两种模式进行比较研究,认为与法定机构模式相比,法人机构投资者模式更有利于养老基金的保值增值。结合我国资本市场实际情况,分析养老基金入市的热点问题,并对促进养老基金入市及其投资监管提出政策建议。
This paper studies two types of investment management modes of international pension funds and finds out that the institutional investors'mode is more conducive in keeping the purchasing power of pension funds compared with the statutory bodies'mode. Based on the current status of China's capital markets, the paper also analyzes the role of investing in stock market of pension funds, and puts forward policy suggestions on promoting the investment of pension funds and relevant regulation issues.