Enlightenment from Chilean Model about Investment Operation of Personal Account Fund of China's Basic Old-age Insurance
Zhang Peiru

Abstract
With the establishment of personal accounts and the increase of pension funds accumulated, pensions need to get a higher return on investment under the premise of ensuring safety. Chilean investment business model gives us great insight, private investment is the trend of specialization. At present, Guangzhou pension funds have operators into the market, the effect of their operations to China Personal Account Fund Investment set the example .Combined of standard development of capital market in China and successful operation of the enterprise annuity and the NSSF to explore suitable for China's investment in basic pension insurance carriers individual account funds. Mainly carried out under the supervision of government funds into the market, optimize the allocation of assets, establish pension fund management companies and so on this will make pension insurance became a real sense.

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