委托投资

保险公司委托投资及其风险控制

The Management and Risk Control of Entrusted Investment of Insurance Company

本文基于对我国保险业委托投资现状的调查研究，包括实地调研与问卷分析。

This thesis proceeds from the investigation of current situation of insurance entrusted investment management of our country , including investigation on the spot and questionnaire analysis .

第三章分析了因《全国社保基金投资管理暂行办法》规定的不足而产生的委托投资资产配置风险，及其风险控制制度。

Chapter three analyses the disposition risk of social insurance property .

企业年金基金委托投资效率的模拟实证分析

A Simulation Empirical Analysis of Investment Efficiency of Out-side Management

委托投资中的最优风险分担合同

The Optimal Risk - sharing Contract in the Delegated Investment

台湾退抚基金首次海外委托投资的特点分析

Analysis on Entrusted Overseas Investment by Taiwan Pension Fund

为了减少信息不对称所带来的效率损失，创业投资人在投资过程中必须解决选项与激励问题，最有效的办法是将选项和激励的职责委托投资中介来完成。

In order to minimize the loss , an investor must solve the sorting and incentive problems in the process of investment The most effective way is to entrust said tasks to an investment agent .

纽约州监管机构昨日委托投资银行家为一项援救计划提供建议，加快了援救美国债券保险公司的步伐。该计划可能为这些麻烦缠身的担保机构提供支持性信用额度。

Efforts to shore up US bond insurers gathered pace yesterday as New York state regulators appointed investment bankers to advise on a rescue plan that could provide back-up credit lines for the troubled guarantors .

结合保险公司面临的主要风险，深入分析保险公司委托投资过程中的共性，重点对过程的管理与风险控制进行了研究并提出了相应规范建议。

Focusing on investigating of the differences and commonness of entrusted investment process of different insurance company , the process management and risk control is deeply analyzed and the suggestion of associating regulation is put forward .

委托投资管理现已成为保险公司资产经营的一种主要模式，相对于保险公司直接管理而言，委托投资专业性更强，有利于发挥投资专家的作用和形成规模效应。

Entrusted investment management has become one of the major forms of investment management of insurance company . Compare to direct investment management by insurance company itself , entrusted investment management is more professional and easy to having a large scale .

论文首先介绍了保险委托投资急需规范的状况，比较了中外保险业发展概况和投资在保险业经营中的重要地位；

First , the thesis introduces the importance and urgency of regulating the entrusted investment , compares the general situation of insurance industry development and the important position of investment on the management of insurance industry in china with that in foreign country .

本文针对目前我国社保基金委托投资管理费率结构单一，不利于激励基金公司朝着投资者收益最大化的方向努力运作的问题，提出将费率划分为固定的和与业绩挂钩的两部分。

It is disadvantageous for fixed management fee rate to incent the fund company making great efforts to maximize return of investor in social insurance funds investment at present , this article put forward dividing the fixed management fee rate into two part of base and performance fee .

企业年金委托证券投资基金管理的可行性研究

On the Feasibility of Entrusting the Stock Investment Funds for the Management of Enterprises ' Annual Income

整批委托赋予投资银行在新股没有完全被认购时取消协议的安排。

Firm Commitment An arrangement whereby investment bankers purchase the new issue shares of a company outright for resale to the public .

他们以给委托人办投资作为幌子捞取钱财。该珠宝公司不过是进行非法的钻石交易的幌子

He stole money under colour of making investments for clients . The jewellery firm is just a front for their illegal trade in diamond

预计现金充裕的中国银行业、保险公司和养老基金将在海外进行大笔投资，这些最初委托的投资只是小小的开始。

These initial investment mandates are the first trickle in what is expected to be a flood of overseas investments by cash-rich Chinese banks , insurers and pension funds .

他和他许多受害客户面对面、眼对眼做交易；他没有破坏投资价值，但却滥用投资者委托他投资的现金。

He dealt face-to-face with many of his victims and looked them straight in the eye ; he did not merely taint the value of the investments but squandered the cash they entrusted to him .

近几年，社保基金案件频繁上演，并且在金融危机的冲击下，2008年全国社保基金的委托股票投资首次出现了浮亏的局面，与社保基金投资所要求的安全性流动性原则严重相悖。

In recent years , the case of social security funds is frequently staged . And , Under the impact of the financial crisis , the national social security fund entrusted stock investment appeared for the first time in 2008 .

委托&代理投资与金融危机的形成

The principal-agent investment and the formation of financial crisis

该结论的意义在于表明用信任博弈委托人的投资额作为信任水平的测度是合适的。

The significance of this conclusion indicates that the principal amount of investment trust game as a measure of the level of trust is appropriate .

第二，资金用于贷款，包括质押贷款和委托贷款；投资中长期企业债券和金融债券等。

Second , we could use the account funds for the loan , including pop loan and entrust loan and invest in the long-term business enterprise bond and financial bond etc.

聪明的投资者在开出支票前，总是希望能亲自或可靠的委托顾问与投资对象的团队主要成员、几个客户见面会谈，评估实际的产品。

Before smart investors write a check , they , or a trusted consultant , will want to meet and talk with your key team members , several customers and evaluate the real product .

2005年12月15日，中国建设银行委托中信信托投资公司成功发行了建元2005-1住房抵押贷款证券，标志着我国近30年的资产证券化研究已经从理论走向实践。

December 15,2005 , China Construction Bank , CITIC Trust and Investment Corporation successfully issued " Jianyuan 2005-1 " MBS which marks that research of nearly 30 years of asset securitization has moved from theory to practice .

人社部部长尹蔚民上周表示：“养老金“入市”的相应细则预计将很快出台，养老金将通过委托机构投资者投资股市。”

Yin Weimin , the minister of Human Resources and Social Security , said last week : " Detailed guidelines about how the investments will be conducted are expected shortly and the investments will be made through commissioned institutional investors . "

作为委托人的创业投资家：契约构造、筛选与监控

Venture Capitalists as Principals : Contracting , Screening , and Monitoring

代理委托人从事证券投资；

Invest in securities on behalf of their clients ;

在金融市场中当基金经理为他们的委托人和顾客投资上百万美金时更是如此。

This is especially true for financial markets when money managers invest millions of dollars for their clients and customers .

2002年，受市政府委托，市外商投资服务中心组建了“威海市项目代办中心”，这对中心的工作提出了更高要求。

Entrusted by the Municipal Government , the Center formed a " Weihai Project Agency Center " in2002 , which raised higher requirements for the work of the Center .

在此基础上分析企业的投资行为决策过程，建立了国有企业与非国有企业的投资决策模型，讨论影响最优投资额的各种因素，分析股东与经理人之间的委托代理问题对投资的影响。

We then set up the investment decision-making models of state-owned and non state-owned enterprises to analyze varied factors affecting the optimal investment amount and principal-agency problems between shareholders and managers .

在农保基金运营上引入信托投资、开展协议存款和委托贷款、允许投资组合和质押货款，使之保值增值。

In order to maintain value and increase in value of the fund , we should adopt new methods , such as trust and investment , contracted deposits , consignment loan , investment portfolio and pledged loan .