摘要
养老基金作为机构投资者在一个国家资本市场的发展中起着重要作用。而养老基金与资本市场之间的作用是相互的,一方面,养老基金对于资本市场的效率、结构、稳定性、金融创新、公司治理以及金融监管等产生了很重要的影响。另一方面,资本市场又让养老基金承担了它所具有的风险,并由此而迫使养老基金对自己的负债管理模式作出若干适应性的改变,并引出了投资管理的问题。
Retirement insuranoe, as a investment means plays a vital part in state capital market. Meanwhile retirement insurance and capital market acts mutually. For one, retirement insurance forms a great influence on effidency of capital market, its structure, its stability, its innovation of finance and its financial supervision. For another, retirement insuranoe is forced to undertake the risks and adapts it to appropriation of management model.
关键词
养老保险
基金
风险
资本市场
Retirement Insurance
Funds
Risks
Capital Market
