Our very large pension funds, many local worried depreciation fund, so there was a new impulse to invest.
       Placed in front of us is rapidly increasing pressure on pension payments, pension funds in our rapid expansion, rising inflationary pressures in the context of pension diversified, market-oriented reform, investment and operation is clearly imminent.

According to the   Throttle Body  Kero noted, the National Social Security Fund Council and the enterprise annuity market operation practice shows that increasing the value of the pension is inseparable from the market and diversified investments. More importantly, relying solely deposited in current accounts, or buy bonds, not enough to cope with our huge future pension payments gap. Data show that as of the end of 2012, China's urban basic pension insurance fund balance accumulated 2.3941 trillion yuan, 444.5 billion yuan more than last year. And related sources, the first half of this year, this figure may have been nearly 2.5 trillion yuan.

At the same time, according to the expert estimates, is expected to 2050, China faces an aging society will follow the outbreak of the pension problem. By 2050, China's population aged over 60 will account for 34% of all costs required to account for pension GDP of 23.31%.

In our pension system, the basic old-age insurance funds most large-scale, but the management is decentralized, operational efficiency is not high. In contrast, the National Social Security Fund and adopted market-oriented enterprise annuity investment management model, and achieved a better return on investment; but both the size of the fund relative to the capital market is still small. Therefore, it is imperative that the relevant departments must strengthen policy guidance, co-ordinate the formulation of reform policies, including legal, financial, etc., must accelerate the improvement of the pension structure system. Meanwhile, the assets of the Fund in ensuring the safety of the premise, continue to broaden basic pension investment channels, to encourage it through professional asset management institutions, scientific and rational way for market-based investment, and strive to achieve increase their value. And ultimately to achieve their personal and social pension, a government pension supplement basic pension pattern.

According Kero    Throttle Body  is understood the Department who are brewing market for annuities, diversified investment channels include four aspects: First, investment in state-issued higher than bank deposit rates of specific bonds; Second, the state in arranging energy, transportation and other large projects prioritize certain pension funds involved; Third, continue to insist on a certain percentage of deposits banks and pension funds to buy government bonds on the basis, allowing it to invest in a good flow of financial instruments; Fourth listed in the key state-owned enterprise restructuring, allowing pension as a strategic investor shares. This four channels are required relevant departments for systemic reform.

Currently the community should form a consensus for reform, efforts to explore and eventually establish a set of specific conditions for the Chinese market pension investment operations solutions. Solve the current basic pension funds face of decentralized management, the level is low, narrow range of issues such as investment. And pension fund portfolios, scope is not static, but with the expansion of the fund size, investment experience, relaxation of investment restrictions, capital markets degree of perfection, as well as changes in the macroeconomic environment, ongoing adaptation.

To be clear, the community must be clearly market-oriented pension investment operations are entirely invested in the stock market. However, in order to ensure that market-oriented pension investment operations can successfully achieve its overall program design, and so urgent reform measures introduced in order to ultimately eliminate the public's misconceptions.
 In the pension replacement rate is low and there is a potential risk of devaluation in the context of improving pension investment income is essential. NSSF deputy Renxiong Jun Planning Research Department in its official website published an article that specialized market-oriented pension investment operations is significant for China, China's basic old-age insurance using PAYG and personal accounts of combining parts accumulation system, investment management is the key to personal accounts pension plans, and establishing specialized market-oriented institutional mechanisms required investment operations is to improve the Chinese pension system is an important content, is to deal with an important measure of population aging.