论我国保险公司的证 券市场运作研究金融学专业论文.docxVIP

AbstractKey Abstract Key Words,Bonds and Securities Market Portfolios Mutual Fund Investment Financing Securities Bonds The bonds and securities market iS a network or system where portfolios issued and exchanged．Insurance companies Can take part in the bonds and securities market by the form of porffolio investment，financing，capital ’ operation，and SO on． Insurance companies Can invest in stocks and shares，bonds，mutual funds，etc．Invest in Bonds Can get proceeds steadily,but not high．Stock investment iS a hi吐一risk—high-return business．Invest in mutual funds iS a kind of indirect portfolio investment．Generally speaking，it iS a comparatively lOW．risk．high．retum business．Insurance companies can finance forill the securities market through issuing bonds，stocks and shares，or coming in to the market．Insurance companies Can also take the advantage of the stock market tO regrouping their capital structure or recombining their assets． By participating in the securities market，insurance companies Can widen their investment channels，therefor strengl：hen themselves．Insurance fund， especially the assurance fund，have the characteristic of stability and longevity, thus a long．time capital iS need to match it．Insurance fund belongs to a kind of debt，which must be used by following the principle of security，liquidity and profitability．Portfolio investment Can meet the demands preferably． Because stocks and bonds not only offer the convenience of credit and debt for the suppliers and the demanders of capita!，but themselves also have the specialty of agility and decentralization．Portfolio investment combination can efficiently heIp insurance companies avoid bad effects of the disadvantageous macro．economic environment．A successful financing Can enlarge the size of the insurance company and enhance its underwriting ability．A reasonable capital structure reduces the cost，business risk and the financing risk of an insurance company,thus protect the benefits ofthe principals and the i