防范基本养老保险基金投资风险的对策研究--基于投资主体法律关系复杂性的思考

Research on Countermeasures to Prevent Investment Risk of Basic Endowment Insurance Fund--Based on the Complexity of Legal Relations of Investment Subject

我国自2016年确立基本养老保险基金市场化投资策略以来,社会老龄化和通货膨胀压力得到了缓解。但不成熟的金融市场和不完善的相关法律制度等问题扩大了基本养老保险基金的投资风险。基于投资主体法律关系复杂性的思考,基本养老保险基金投资风险主要体现在对投资资产限制过多、受益人利益缺乏法律保护、监管主体职责不明确等方面。对此,应在风险分析和借鉴国外经验的基础上提出防范对策,确保基本养老保险基金在投资安全下实现保值增值。

Since China implemented the market-oriented investment strategy of basic endowment insur-ance fund in 2016,it has greatly relieved the pressure of aging society and inflation.The immature finan-cial market and the imperfection of relevant legal systems have increased the investment risk of the basic endowment insurance fund.Based on the consideration of the complexity of the legal relationship of in-vestment subject,the investment risk of basic endowment insurance fund is mainly reflected in excessive restrictions on investment assets,lack of legal protection for the interests of beneficiaries,unclear responsi-bilities of regulatory subjects and so on.In this regard,this paper proposes preventive countermeasures on the basis of risk analysis and learning from foreign experience to ensure that the basic endowment insur-ance fund can maintain and increase its value under the safety of investment.