Summary

The sustainable development of the social security system cannot continue without continuously expanding social insurance fund. With the supervision system is becoming better and better in China，the phenomenon of misappropriating social insurance fund gradually reduce. But we still face a new problem of aging population，which is “aging before getting rich”. The aging population brings unprecedented challenges to raising，operation and payment of the social insurance fund.

This book focus on solving problems in the operation of fund in the perspective of transmission mechanism between supervision and operation of China’s social insurance fund，that is，the fund should be both secure and profitable，so as to protect the fundamental interests of the insured. Based on the theoretical framework of management subject and mode，the operation supervision mode and investment supervision mode，the main contents of this book can be summarized as：“one main line，two centers，three stages，seven problems”. “A thread” is the risk of the fund，which is brought by actively responding to aging population；“two centers” are to propel the rural social endowment insurance system and to coordinate development between urban and rural social security system；The first stage of “three stages” is the historic opportunity of improving the supervision mechanism of social insurance funds brought by aging population. The second stage is the key issues appearing in the running of social security system. The solution of the issues could promote the improving of the supervision mechanism orderly. The third stage is the establishment of new rural insurance and urban and rural overall system，achieving full integration of internal and external supervision mechanism. “seven questions” are as follows，the identification of supervising subject of the social insurance fund，the moderate growth of the scale of national social insurance fund，the theory and method of social security crisis early warning，the social security level affected by the operation of social insurance fund，the transfer mechanism among various risk，personnel’s illegal behavior in social insurance fund agencies and the investment option of personal account.

At last，this book put forward countermeasures to improve China’s social insurance fund supervision mechanism：under the background of China’s specific economic，political and social institutional environment，government as the main body of social security system，should choose the centralized management and supervision in order to implement the self balance and sustainable development of the system，establish and improve the legal supervision system of social insurance fund，strengthen team construction of fund supervision，create a good environment for social insurance fund investment and operation.