论公共养老金投资负面清单制度的构建

The Construction of The Public Pension Investment Negative Listing System

公共养老金投资需要构建负面清单制度,不管从政府简政放权还是发挥市场私主体意思自治,以及平衡基金投资风险和收益而言,"负面清单"相对于"正面清单"具有明显的制度优势。供给侧结构性改革的提出为公共养老金投资负面清单制度的构建提供了契机。负面清单制度的构建亦是系统工程,需要解决某些关键问题,如构建和适用的主体、标准和内容,和当前立法如何衔接等。同时,还需配套制度跟进,特别是构建完善的公共养老金信托投资和监督机制。

Public pension investment need to build a negative list system, no matter from the government and to delegating or bringing the private market main body autonomy, and the balance in terms of fund investment risks and benefits, negative list relating to positive list system has obvious advantages. And supplying side structural reform is put forward for the construction of the public pension investment negative listing system provides the opportunity. Negative listing system construction is a system engineering, need to solving some key problems, including the body of the building, the standard and content, and how to connect and the current legislation, etc. At the same time, need to form a complete set of system to follow up, especially to building the perfect public pension trust investment system and supervision mechanism.