摘要
随着社会人口老龄化进程的加快，养老金收支失衡问题越发突出，这极大地制约了
当前社会保障体系的建立，甚至可能造成引起社会动荡的不确定性。为了弥补社保基金
尤其是养老金收支失衡所造成的缺口，社保基金投资应运而生。根据国家相关规定，社
保基金在满足日常支出之后，可以将多余的社保基金委托给基金管理公司进行多元投资
来避免资金贬值，这也在一定程度上可以缓解社保基金收支失衡的问题，最大化社保基
金的利用率。然而，基金管理公司中社保基金在投资的过程中不可避免的会有风险，特
别是随着通货膨胀和人口老龄化趋势等因素的加剧，金融投资工具种类不断增多，大大
增加了新时期基金管理公司中社保基金投资风险管理的难度。在这样的背景下，如何才
能做好社保基金管理公司中社保基金投资风险的防范与控制是当前值得深入探究的重
要课题。本文在对基金管理公司中社保基金投资风险管理方面的相关理论进行详细剖析
的基础上，分析了当前社保基金在委托的基金管理公司中的投资情况和风险特征，然后
重点就基金管理公司中社保基金的投资风险评价和风险防控对策进行了深入探究，以期
让基金管理公司中的社保基金能够在保证安全性、流动性的前提下顺利投资运营

关键词：社保基金；基金管理公司 ；投资运营；风险管理
1Abstract
With the speeding up of aging society, pension payments imbalances problem
increasingly prominent, which has greatly restricted the current social security system
establishment, and may even cause social unrest caused by uncertainty. In order to make up
for the gap between the social security fund and the pension system in particular, the fund is
funded. According to the relevant provisions of the state, the social security fund, after meet
daily spending extra commissioned by the social security fund can be multiple investment
fund management company to avoid capital depreciation, to some extent, this also can relieve
the social security fund balance of payments imbalances, maximize the utilization of the
social security fund. However, fund management companies in the national social security
fund in the process of investment would inevitably have risks, especially with the factors such
as inflation and an ageing population trend intensified, species increasing financial investment
tools, greatly increased the fund management companies in the new period of the social
security fund investment risk management more difficult. In this context, how to do a good
job in the social security fund management companies in the social security fund investment
risk prevention and control is an important topic of the current deserves further exploration.
Based on the social security fund investment in the fund management companies on the
relevant theories of risk management on the basis of detailed analysis, analysis of the current
social security fund investment in the fund management company entrusted by the situation
and the risk characteristics, and then mainly on fund management companies in the social
security fund investment risk evaluation and risk prevention and control countermeasures and
makes a deep exploration, in order to make the social security fund of fund management
companies to ensure smooth investment under the premise of safety, liquidity operations.
Key words: Social Security Fund; fund management company; investment operation;
risk management
2目录
摘要.........I
ABSTRACT.......II
1 绪论.....5
1.1 研究背景..5
1.2 研究目的及意义..5
1.3 国内外研究综述..5
1.3.1 国外研究现状5
1.3.2 国内研究现状8
1.3.3 文献评述......10
1.4 研究内容及方法10
1.4.1 研究内容......10
1.4.2 研究方法......11
2 基金公司中社保基金投资风险管理的理论分析...12
2.1 相关概念界定....12
2.1.1 社保基金......12
2.1.2 社保基金投资..........13
2.1.3 投资风险......13
2.2 基金公司中社保基金投资的理论基础14
2.2.1 投资组合理论..........14
2.2.2 风险管理理论..........16
2.3 基金公司中社保基金投资机制分析.....17
2.3.1 政府集中型投资机制..........18
2.3.2 分散型投资机制......18
2.3.3 相对集中投资机制..18
3 基金公司中社保基金投资现状及风险分析...........19
3.1 基金公司中社保基金投资现状.19
3.1.1 社保基金投资管理人..........19
3.1.2 社保基金投资理念..19
3.1.3 社保基金投资规模与收益..20
3.2 基金公司中社保基金投资风险分析.....20
3.2.1 社保基金投资的外部风险分析......20
3.2.2 社保基金投资的内部风险分析.....21
4 基金公司中社保基金投资风险的分析和评价……23
4.1 评价指标体系的构建....23
34.1.1 风险因素评价指标选取原则..........23
4.1.2 社保基金投资风险评价因素..........23
4.2 运用层次分析法进行投资风险评价....23
4.2.1 权重的确定..23
4.2.2 运用层次分析法进行数据分析......25
4.2.3 投资风险评价结论..27
5 基金公司中社保基金投资风险控制的对策28
5.1 运用金融衍生工具和投资组合保险控制风险28
5.1.1 运用金融衍生工具进行风险管理..28
5.1.2 制定适合不同阶段的差异性投资策略......29
5.1.3 应坚持指数化投资和多元化投资策略......30
5.2 建立投资的
。。。以上简介无排版格式，详细内容请下载查看