金融危机背景下的中国社会保险基金投资思路

The Investment Method of China Social Insurance Funds under Financial Crises

本文在分析中国社会保险基金发展状况的基础上提出,在金融危机背景下,中国社会保险基金投资的出路不在于盲目地海外投资或"静观其变",而是要配合国家扩大内需的宏观经济调控政策,选择性地参与一些具有良好盈利前景的大型基础设施项目建设,将部分财政资金释放出来,加大民生等方面的支出以刺激消费需求。同时,国家可以通过有针对性的减税、低息贷款等方式,帮助中小企业渡过难关,保证劳动力就业和社会保险基金的正常增长。

After comprehensive analysis of the status quo of social insurance funds （SIF） in China, this paper argues that the way out for the SIF lies in participating in some selected large-scale infrastructure construction projects with prosperous profitability in line with national maeroeconomic policy of domestic demand expansion, rather than blindly investing overseas or taking a ＂wait and see＂ approach. By doing so, part of fiscal capitals can be released and be expended into improving people＇s well-being to stimulate demand of consumption. At the same time, the government can help the medium and small enterprises overcome difficulties by well-targeted tax cut and soft loans to ensure growth of employment and SIF.