华中农业大学学报：社会科学版
華中農業大學學報：社會科學版
화중농업대학학보：사회과학판
Journal of Huazhong Agricultural University(Social Sciences Edition)
2011年
6期
103-107
,共5页
保险资金%银行存款%国债投资%金融债投资%企业债投资%证券投资%最优投资比例
保險資金%銀行存款%國債投資%金融債投資%企業債投資%證券投資%最優投資比例
보험자금%은행존관%국채투자%금융채투자%기업채투자%증권투자%최우투자비례
insurance funds%bank deposit%treasury bond investment%financial bond investment%enterprise bond investment%securities investment%optimum investment proportion
如何以更优的比例去投资于各种资产是保险资金运用的首要问题。选用考虑承保风险的投资比例模型,实证估算结果显示,我国保险资金在银行存款、国债投资、金融债投资、企业债投资、证券投资基金以及股票的最优投资比例分别为9.23%,11.06%,12.22%,14.02%,29.34%,24.13%。比较分析来看,近年来总体上我国保险资金运用逐步优化,投资比例不断趋向合理。然而与最优投资比例比较而言,提高的空间主要在于降低银行存款的比例,同时逐步提高证劵投资基金和股票的比例。
如何以更優的比例去投資于各種資產是保險資金運用的首要問題。選用攷慮承保風險的投資比例模型,實證估算結果顯示,我國保險資金在銀行存款、國債投資、金融債投資、企業債投資、證券投資基金以及股票的最優投資比例分彆為9.23%,11.06%,12.22%,14.02%,29.34%,24.13%。比較分析來看,近年來總體上我國保險資金運用逐步優化,投資比例不斷趨嚮閤理。然而與最優投資比例比較而言,提高的空間主要在于降低銀行存款的比例,同時逐步提高證劵投資基金和股票的比例。
여하이경우적비례거투자우각충자산시보험자금운용적수요문제。선용고필승보풍험적투자비례모형,실증고산결과현시,아국보험자금재은행존관、국채투자、금융채투자、기업채투자、증권투자기금이급고표적최우투자비례분별위9.23%,11.06%,12.22%,14.02%,29.34%,24.13%。비교분석래간,근년래총체상아국보험자금운용축보우화,투자비례불단추향합리。연이여최우투자비례비교이언,제고적공간주요재우강저은행존관적비례,동시축보제고증권투자기금화고표적비례。
How to choose the best investment ratio of assets is the most important issue in the use of insurance funds.This paper employs the investment proportion model considering underwriting risk.The result from empirical estimation shows that the optimal investment ratio of insurance funds in bank deposit,treasury bond investment,financial bond investment,enterprise bond investment,securities investment funds and stocks is 9.23%,11.06%,12.22%,14.02%,29.34%,24.13% respectively.The comparative analysis shows that use of insurance funds in China is gradually optimized and the ratio of investment is becoming more and more reasonable.However,compared with the optimal investment ratio,the ratio of bank deposit should be reduced and at the same time the ratio of securities investment funds and stocks should be gradually increased.
