Dissertation > Excellent graduate degree dissertation topics show

Housing provident fund portfolio management methods study

Author: YuanGuangJin
Tutor: MaYongKai
School: University of Electronic Science and Technology
Course: Business Administration
Keywords: Housing provident fund Asset and Liability Management Stochastic Programming Model
CLC: F224
Type: Master's thesis
Year: 2008
Downloads: 177
Quote: 0
Read: Download Dissertation

Abstract


China in 1991 on the basis of learn from Singapore's Central Provident Fund System, in Shanghai was the first to implement the reform of the housing accumulation fund system in order to establish this important social security system of the 16 years since, achieved remarkable social and economic benefits also appears a lot of problems. Especially since in recent years, such as the large number of provident fund of funds deposited in the bank account, failed to achieve effective preservation and appreciation, appear to interest rate inversion; backward management system, regulatory loopholes lead to investment failure, misappropriation of funds, and so on. The people demanded reform of the increasingly high, indicating that the reform of the existing system is imperative to improve the provident fund management method. In this paper, through the analysis of foreign state-of-the-art management of social security funds, and then comparative analysis of the domestic fund management status, pointed out the drawbacks, and analysis of the current trends in the mainstream reform, about to the current housing provident fund management center reform policy of financial institutions to operate independently the need for analysis of the reform is in progress, the combination of housing provident fund balance characteristics, innovative in the field of housing provident fund management asset and liability management theory. The nature of the operations of the fund assets will also debt management, which determines the important status of the asset-liability management, directly related to the configuration level and ability to pay of the liability side of the fund assets will end. That is, at the same time protect the safety of capital, liquidity and increasing the value of level, but also considering the future ability to pay, reasonable arrangements for investment planning and allocation of assets to meet maximize returns of the fund assets will ensure the maintenance of the security premise. Based on combined foreign asset and liability management model theory and applied research and advanced experience, combined with the actual characteristics of the housing fund management and the economic environment as well as the next direction of reform, the introduction of a decision-making model - multi-stage stochastic linear programming with simple compensation model. Model in the case of considering the cash flow characteristics of the deposits and loans, budget constraints, capital constraints, liquidity constraints, policy constraints and legal regulatory constraints and other practical constraints and uncertainties, and to raise the overall level of portfolio management of the assets and liabilities of the housing accumulation fund, which promote the reform of housing fund management currently facing funding pressure sedimentation rate, lack of means of increasing the value of the problem need to be solved immediately. On the basis of the above analysis, the article also gearing position of the Shanghai housing fund management center in recent years as an example, the use of the model to solve a balance portfolio management results, and as a control, analysis of the advantages of this innovative method . And rationalization proposals put forward on the basis of the next step of reform.

Related Dissertations

  1. A Study on Management of Daqing City Housing Provident Funds,F293.3
  2. Asset and Liability Management of Equity Indexed Annuities,F275
  3. Liquidity Management of Commercial Banks,F224
  4. The Application of Immunization in ALM of Life Insurance Company,F842
  5. The Research on Asset-Liability Management in China’s Occupational Pension,F842.6
  6. Based on Asset and Liability Management, the Study of Intrest Rate Risk Congtrol of China’s Life Insurance Investment,F822.0;F224
  7. Rresearch on City "Sandwich Layer" Crowd Housing Security Problems,F293.3
  8. The Research of Government Supervision on China’s Housing Accumulation Fund Loan Risk,F832.4
  9. Exploratory study of how to improve China 's housing security system,F293.3
  10. Discussing about the Venture of Housing Accumulation Fund in Our Region and the Constructive Contents and Countermeasure to Prevent and Convert It,F293.3
  11. Asset-Liability Management in the Life Insurance Companies to Guarantee Insurance Solvency-Lessons from the Failure of Foreign Life Insurance,F842
  12. The Application of Dynamic Financial Analysis of Insurance Company to Asset-Liability Management,F840.3
  13. Study on Asset Liability Management for Life Insurance Companies of China,F842.3
  14. Research on the Asset-Liability Management of Life Insurance Industry,F842.3
  15. Research of Improving Our Housing Provident Fund System from the Angle of the Fair and Efficiency,F293.3
  16. The legal issues of the housing accumulation fund system in China,D922.181
  17. Research on Housing Guarantee System in China,F293.3
  18. Optimization Model of Asset-Liability Portfolio Base on the Effective Duration,F224
  19. Share Investment of Insurance Funds Based on China’s Stock Market,F832.51
  20. A Study of Financial Aid to Middle-low Income Families for Buying Houses,F832.2

CLC: > Economic > Economic planning and management > Economic calculation, economic and mathematical methods > Economic and mathematical methods
© 2012 www.DissertationTopic.Net  Mobile