良性资本市场环境下的新加坡中央公积金投资模式研究  

The Value-Preserving and Appreciating Investment Model of Central Provident Fund Based on the Benign Capital Market Environment with Singapore as an example

作　　者：马源[1] MA Yuan(School of Economics,University of Chinese Academy of Social Sciences,Beijing 102488,China)

机构地区：[1]中国社会科学院大学经济学院,北京102488

出　　处：《辽宁大学学报（哲学社会科学版）》2021年第3期76-85,共10页Journal of Liaoning University(Philosophy and Social Sciences Edition)

摘　　要：中央公积金制度是新加坡社会保障体系的核心。在老龄化程度逐渐加深和国内外经济形势不断变化的背景下,中央公积金制度积极探索确保退休储蓄保值增值的投资模式,以充分保障老年人退休后的生活水平。文章分析了固定收益模式和CPF计划两种新加坡中央公积金制度投资模式的运行方式和基本特征,通过对投资模式特征及投资效益的评估,探讨在新加坡良性资本市场环境下中央公积金实现保值增值的方式,得出了中央公积金长效稳定的发展依托于新加坡稳固的市场经济环境和政府采取的有效投资策略的结论。The Central Provident Fund(CPF) system is the core of Singapore’s social security system. In the context of the gradual deepening of aging and the constantly changing economic situation at home and abroad, CPF actively explores the investment models that can preserve and increase the value of retirement savings to fully and effectively protect the living standards of the retired elderly. This paper analyzes the operation mode and basic characteristics of the two investment modes of Singapore’s CPF system: the fixed income model and the CPF Investment Scheme mode. Through the evaluation of the characteristics of the investment mode and the investment benefits, this paper analyzes the way CPF can ensure the value preservation and appreciation under the benign capital market environment in Singapore.It concludes that the long-term and stable development of CPF relies on Singapore’s stable market economy environment and effective investment strategies taken by government.

关 键 词：中央公积金制度 投资模式 资本市场环境 保值增值 

分 类 号：F843[经济管理—保险] F847