社保基金保值增值是一个世界性难题,似乎一直都处于二难境地。社保基金的特点是:安全性、流动性、收益。如果强调安全性、流动性,其效益就比较差,甚至会随物价上涨而贬值缩水,如目前我国多数的省市区政府和新加坡政府对社保基金的管理;如果强调效益,安全性就会受到影响,甚至 Social security fund hedging is a worldwide problem and seems to have been in a dilemma. Social Security Fund is characterized by: security, liquidity, revenue. If we emphasize security and liquidity, their benefits will be relatively poor and even devalue to diminish as prices rise. For instance, most provinces, municipalities and municipalities in our country nowadays manage the social security fund. If the benefits are stressed, the security will be affected Impact, even