我国企业年金投资监管探究.pdfVIP

摘要 企业年金作为我国社会保障体系的第二支柱，随着经济社会的发展，年金 规模的扩大，市场规模的扩大，在构建和谐社会中发挥着越来越重要的作用。 尽管我国企业年金的建立时间晚，有关法律法规不完善，年金投资运营的 政策环境、监管机构不健全，资本市场发育迟缓。但其发展势头强劲。一方面， 我国认真总结国内国际企业年金投资监管的正反两方面的经验教训。一方面， 发挥自身优势，使企业年金的投资运营取得了不凡的成绩。 企业年金的安全性、收益性要求年金的投资运营成为必然。但投资就有风 险，有风险就必须加强监管。企业年金监管有两种模式，即严格限量监管模式 和审慎监管模式，这两种模式的适应条件不同，我国目前采用严格限量监管模 式。企业年金基金投资采用严格限量监管模式，这是符合我国国情的正确选择。 结合发生在上海的社保案例分析，我国现行的企业年金监管模式仍然存在 一些问题，诸如企业年金投资法律不健全、没有建立起权力高度集中且相对独 立的监管主体、没有形成完整的监管体系以及监管技术落后等问题。要提高企 业年金基金的投资效果，降低投资风险，需要从多方面完善我国企业年金现行 的监管模式，同时根据金融市场的发育程度、法制建设情况以及企业治理结构 的改善，适度放松监管，以提高投资决策的灵活性，最终使企业年金的投资运 营走上健康发展的轨道。 【关键词】企业年金 信托模式 投资风险 投资监管模式 3 Abstract The Annual donation of the enterprise has acted a more and more important role as a second post in security system of society. With the development of market and economic society, the scale of the donation has been developed on a massive one, and it has played a more and more role in the society. The establishment of the enterprise time is a little late in our country though , and the laws are not so perfect ,the policy environment for making it work is still weak, the superior is not a very good quality . And it makes the incomplete capital market. But it grows so fast. The reason is because we get the experience for so many years. it makes us to try our best to develop .We still get a satisfactory results. The investment and running of the Annual donation must be given to the enterprise in order to have the lasting benefits safely. But investment will bring risks, risks need to strengthen the supervise and control business. How to control the annual donation of the enterprises in China? Here are the two models: limit the amount strictly and supervise cautiously and properly. There are difficult conditions during the proc