Status Quo and Reform Ideas for Accounting Calculation of Social Security Fund in China

With the steady development of China＇s economic policy and social secu- rity system, social security fund has become more and more important. Therefore, in the process of establishing and implementing social security system, the status of the accounting system of social security fund has become particularly prominent. The existing problems in the system were discussed and corresponding reform ideas were proposed by analyzing the current situation of the social security fund accounting system.

Research on the sustainable development of social security fund

At present, the social security fund has a serious problem in all aspects. This paper introduces the social security fund related background, elaborated the social security fund and social security fund related to sustainable development concept and its significance： analyzes the current situation of the social security fund and the problems that can realize sustainable development, the key lies in the internal operation mechanism of social security funds, especially the social security fund raising mechanism capacity and investment capacity, ability to pay and supervision ability; finally puts forward some countermeasures for promoting the sustainable development of the social security fund, the balance of the social security fund is the social security system of sustainable development conditions.

Regulation of social forces to participate in social security funds

The social security fund is the masses of＂Survival Money＂ ＂lucky money＂. In order to promote the sustainable development of social security funds, the effective supervision of social security funds become very important. This paper based on the aims to promote the sustainable development of the social security fund and analysis of social forces to participate in the supervision of social security fund situation, put forward to further improve the social security fund supervision and management of effective means.

The analysis of commissioned risk in social security fund investment process

The key to sustainability of social security fund is increasing its value, while the key to increasing the value of the social security fund is income of agency entrusted investment. Agency relationship of social security Fund involves four agents, among which the entrustment between National Council for Social Security Fund （SSF） and social security fund management company is a key element. Due to information asymmetry phenomenon in the entrustment management process, the fund needed to establish the appropriate entry and exit criteria, and relying on a third party to avoid agency risks.

A Study on the Sustainable Development of China＇s Social Security Fund

The social security fund is the cornerstone of the establishment and implementation of the social security system. Whether it can achieve sustainable and healthy development directly affects the operation and development of China＇s social security system, which will affect social stability, economic development and even political stability. Therefore, this paper studies the management and operation of the social security fund, from the perspective of sustainable development and the problem of increasing the value, to make recommendations for the sustainable development of the social security fund.

The path selection of realize the value of the social security fund in our country

The value of social security funds, has always been an important part of our country social security enterprise as a whole, it is the one of the main ways to realize the social stability and national economic income. In the triple pressure with ageing population, inflation and social security transition, the value of the social security fund in our country is particularly acute. Analyses the receipts and expenditures of social security funds, investment and operation structure and put forward some rationalization proposal, which has significant meaning for a better play to the role of the social security fund and actively promote the innovation and development of China＇s social security fund management.

Analysis on preserving or increasing the value of social security funds under the new normal economy in China

The ＂new normal＂ is the current stage of development of China＇s economy. The ＂new＂ in new normal means different to past; the ＂normal＂ means relatively stable. For a period of time in the future, the decrease of potential growth rate has become an indisputable fact. Social security fund is an important source of funds for the protection of people＇s livelihood, whose every movement often attract much attention. Under the situation of new normal economy, how to ensure the preserving or increasing value of social security funds on the premise of security is the core task in the operations management of social security fund investment. At present, there are some difficulties in the development of the social security funds, such as the management system and operation mechanism are not perfect, some institutional measures have not been fully implemented and the progress of the law and regulations is slow. In this paper, we will put forward some corresponding improvement measures, such as expand the scope of social security fund investment, accelerate the implementation of the nominal account system and strengthen the actuarial management of social security fund.

The Value of Social Security Fund Research

The social security fund investment operations of the social security system of a country or even the whole economy has a very important role in recent years, although China＇s social security fund management has made great progress, but China＇s social security fund investment operations in increasing the value of the pursuit of this goal, while also facing tremendous pressure. After years of practice of reform, China＇s old-age, unemployment and medical insurance and minimum living focused on the social security system has taken shape, but also the corresponding social security fund was established. Part of the problems of social security funds and other investment operations are increasingly apparent. How to achieve the social security fund is necessary to ensure payment, but also realize the accumulation, it is necessary to increase the value, but also to avoid risks, it has become an urgent task of China＇s reform and development. Social Security Fund Investment Management became the central task of the Social Security System.

Analysis of standardization of community security fund management-Taking practice of community security fund management in Wuhou district of Chengdu as an example

The Chengdu community security funds refer to the special security funds for urban and rural community development and governance in Chengdu.At present,there are some problems in the use of community security funds,such as low participation of residents,and low efficiency of fund use.Taking the exploration of standardization of community security fund management in Wuhou district,Chengdu city,as an example,this paper suggests further strengthening the use and management of community security funds by means of standardization,ensuring the democratic,open,and transparent use of funds,and effectively enhancing the supporting role of community security funds in community governance.

Stock-Selection Strategies Optimization of Fund Management Companies by Analytic Hierarchy Process

Securities investment fund is one of the most important institutional investors in the securities market. The quality of the management of the securities investment fund by the fund management company not only directly affects its survival and development,but also plays a decisive role in the stable operation of securities market and even the macroeconomy. As China is in rapid development of funds,scientific and effective investment strategies will be the only road for the long-term development of wellestablished fund management companies. We attempt to combine the value investment strategies with quantitative investment strategies to build a system of optimized investment strategies with the use of analytic hierarchy process so as to improve business performance of fund management companies and to foster the concept of value investment. Moreover,it possesses certain significance in enriching investment strategies for securities investment fund and promoting the healthy growth of the Chinese securities investment fund.

Effect of state-owned shares transferred to the pension insurance fund

Theory and practice of full social security funds have been more concerned about the Chinese enterprise reform in particular lack of social security funds are insufficient pension fund problem has been of great concern. But with the aging of the population has become increasingly prominent, personal accounts empty account, insufficient co-ordination of social security funds and other funds in the account more and more pronounced. By analyzing the necessity and rationality of state-owned shares transfer, we can see that the use of state-owned shares transfer is a good way to supplement pension fund.

The study of China＇s social insurance funds to implement the ＂nominal account＂ Feasibility

The current China＇s social security fund adopts the operation mode of ＂combination of social pooling and individual accounts＂.With the increase of the social security fund, the settlement of these problems is very important. In this paper, the analysis based on the problems of China＇s basic old-age insurance in the current system mode operation, the ＂nominal account system characteristics and operation of overseas advantages and disadvantages on were described in detail, and points out that the＂ nominal account ＂made for a new old-age insurance system mode is conducive to resolving the problems existing in the operation of social security fund, so as to promote the foundation of sustainable development.

Institutional Root Cause of the Irregularity of Social Security Funds in China

This paper analyzes institutional defects in the Chinese social security system, based on irregularities in social security funds revealed in the Audit Report by the China National Audit Offce. The author divides the irregularities into five categories according to the nature of fimd use. The results show that the institutional root cause of the irregularities lies in the unreasonable design and operation of the social security system, which currently faces management and institutional risks, This paper argues that simple rhetoric about strengthening regulation and supervision cannot help to reduce illegal practices, or to realize risk control. The only solution is to reform the social security system. Specifically, the Chinese Government should regulate the administrative cost of the social security system, and the behavior of its agencies, through legislation, reform the investment regime to increase rate of return of pension assets, and adjust and reshape the existing social security system, so as to elevate its pooling level.

Does the social security fund help non-financial enterprises to transform from the virtual to the real?

At its 19th National Congress,the Communist Party of China vowed to“strengthen the financial sector’s ability to serve the real economy.”However,many studies provide evidence of the opposite trend,a problematic“transition from the real to the virtual,”among Chinese enterprises.Meanwhile,the investment efficiency of China’s Social Security Fund(SSF),a public fund,attracts much attention.In this context,we use A-share listed companies in China from2009 to 2018 to study the relationship between holding by the SSF and enterprise financialization.We find that SSF holding significantly inhibits financialization and that this effect is non-linear.Mechanism analysis indicates that SSF holding suppresses enterprises’financialization mainly by improving their governance.Moreover,SSF holding more strongly inhibits small-scale(vs.large-scale),state-owned(vs.non-state-owned),and non-eastern(vs.eastern)enterprises in China.Furthermore,SSF holding can alleviate corporate value impairment caused by financialization.The conclusions enrich theoretical research and provide empirical evidence that may help regulatory authorities to guide investment by enterprises and prevent financial risks.

The impact of the Social Security Fund on auditor litigation risk

In this study,we examine the effect of the Social Security Fund on auditor litigation risk.Using audit fees as a proxy for auditor perceptions of litigation risk,we find that the Social Security Fund significantly reduces auditor litigation risk.Furthermore,we show that the Social Security Fund influences auditor litigation risk through reducing both the audit risk and the business risk of public companies.In addition,the impact of the Social Security Fund for reducing auditor litigation risk is more obvious in the group of firms with low levels of internal governance,which indicates that the Social Security Fund plays an important governance role as a high-quality institutional investor.In summary,we verify that the Social Security Fund,when acting as an institutional investor,plays an important role in corporate governance,and that it helps to reduce auditor litigation risk.Our results provide empirical support for expanding the governance role of the Social Security Fund as an institutional investor in China’s A-share market.

Seminar on“Supervision and Legislation of Social Security Funds in China”, April 2007

Since 2001, China has witnessed several scandals involving embezzlement and inappropriate use of social security funds. A scare occurring in Shanghai in 2006 and a report by the China National Audit Office on social security funds have brought the issue of supervision and legislation of social security funds into the spotlight, attracting wide attention from the public.

The Experimental Study on the Risk Convergence of the Entrusted Portfolios of NSSF

This paper makes use of statistical tools of parameter correlation, multi-parameter regression, and does experimental analysis on issues of risk diversification of portfolios entrusted by National Social Security Fund (NSSF). The issues are industry related investment fields distribution, the trend of capitalization movement, and investment style factors in stock selection. The results show that there are risk problems with portfolios entrusted by NSSF, which include similar investment fields distribution trend, little difference among portfolios, and high risk preference degree.

Imroduction to the pension market

Social security funds is a kind of special fund for social security undertakings which is based on the legislation ,Social security fund is the material basis for the existence and sustainable development in the social security system .Consequently, It is one of the most important about the normal operation and management of the social security system that the operation of social security fund regulation and whether the value of social security funds can realize. In order to realize the value of social security fund, it is about to explore the reality and feasibility of the pension market, thus, maintain the social security fund security and realize the sustainability of social security funds, under the premise of the social security fund investment operation.

Assessment for Social Security Pilot in Jilin and Hei Longjiang of China

The present paper reviews the social security pilot in Jilin and Hei Longjiang that was carried out between 2004 and 2005. The pilot in the two provinces has basically achieved its main objectives, but there are still some unsolved problems, the most severe being lack of effective investment of the funds accumulated by individual accounts. During periods of high economic growth and high growth in average wages, this problem might undermine the partially-funded security system. To this end, the paper makes some suggestions, one of which is to introduce the notional defined contribution system.