The Optimization Model and Analysis on Dynamic Asset/Liability Management for Chinese Pension Fund
中国养老基金动态资产负债管理的优化模型与分析

The asset/liability management of Chinese pension fund is addressed in this paper. Based on the analysis of the impacts of inflation rate, wage rate, discount rate, and contribution rate on the asset and liability, some policy suggestions are provided to solve the embarrassment of social security system and to broaden the financing channels.