【摘要】 当前养老保险基金投资监管可分为数量限制监管和审慎人规则两种模式,审慎人规则从总体上要优于数量限制监管,许多实行严格数量限制监管的国家正逐步过渡到审慎人规则,并引入风险导向监管措施,同时审慎人标准也日益提高。目前我国实行的是数量限制监管模式,对养老基金投资比例和资产组合进行严格限制。但随着我国更大规模的养老保险基金需要进行市场化运作和资本市场的发展,应该适度地放开数量限制、逐步引入审慎人规则模式。更多还原

【Abstract】 The current pension fund investment regulations can be divided into two kinds:prudent person rule and quantitative portfolio regulation,and the former is superior to the latter.Many countries which implement quantitative portfolio regulation are gradually shifting to the prudent man rule supervision,and introduce risk based supervision measures,and prudent person standard is also increasing day by day.At present,China implements strict quantitative portfolio regulation and strictly limits pension fund investment proportion and asset combination.With the more massive pension fund to market operation and development of capital market,China should loosen quantitative restrictions and introduce prudent man rule supervision mode.更多还原