2007/8/7 ? Yan An Abstract: my country’s enterprise annuity has the operating characteristics of “policy encouragement, market operation, enterprise autonomy, and government supervision”. Under this premise, the current enterprise annuity market has a phenomenon of “market failure” and government intervention. It is also limited and not omnipotent.

Between the "invisible hand" of the market and the "visible hand" of the government, it is urgent and urgent to play the role of the "third hand" of the Enterprise Annuity Industry Association.

Industry intermediary organizations are effective media and catalysts for governments, financial institutions, corporate annuity clients and beneficiaries to fully integrate and exert the best collective effect in the annuity market.

At present, the Enterprise Annuity Association has its parent body (China Social Insurance Society), which was established in July this year.

Domestic insurance and other industry associations have also accumulated successful operational experience for reference.

——What is lacking is courage and practice.

At the Second Member Congress of the China Society of Social Insurance held in the Beijing Convention Center in July this year, the Enterprise Annuity Working Committee (Enterprise Annuity Branch) was established.

The first batch of financial institutions such as banks, insurances, securities, funds, trusts, etc., as well as some enterprises and individuals to obtain the qualifications of enterprise annuity fund management institutions became the first members.

The establishment of the enterprise annuity industry organization marks that the current self-discipline, supervision, rights protection, coordination, communication and publicity of the domestic enterprise annuity industry will enter a new stage of standardized development with organized guarantees.

This is of great significance to the guidance, promotion and development of my country's corporate annuity market.

The reason for this conclusion is that enterprise annuity is related to the improvement of the social security system, the operation of tens of millions of enterprises, the vital interests of employees participating in the annuity plan, and even the development and growth of financial institutions and capital markets.

National economy and people's livelihood, harmonious society.

In the past, my country's corporate annuity market involved multiple dimensions and levels, such as policy, supervision, operations, intermediaries, enterprises, and individual employees. The participants all had "multi-headedness" defects, which were reflected in the wide coverage of policies and the participation of financial institutions. Various industries are involved, annuity qualifications are dispersed, corporate needs have different characteristics, overall transaction costs are high, and intermediaries play a limited role. The market even lacks a very important enterprise annuity industry organization.

It can be imagined that as an enterprise, faced with so many interest demands and the successive marketing offensives of so many financial institutions, how to clear the air and safeguard its own interests has become a big problem.

The annuity market has strong demand, but information is asymmetric, and companies are unprofessional and relatively weak; while many suppliers are rational in terms of individual market individuals, but when viewed as a whole, they are like disordered Brownian motion.

This will bring about a series of adverse consequences, such as negative external effects, failure of competition and the formation of market monopoly, which is the so-called "market failure theory".

At this time, in addition to rigid policies and market failures, how to use the power of more authoritative industry organizations to integrate and coordinate social resources, guide the market, balance supply and demand, cultivate the market, and promote information exchange, business exchanges and industry standard construction, and strengthen the industry

Standardizing self-discipline is particularly urgent and important!

Intermediary organizations are the product of the development of the market economy. They are between the government, enterprises, and supply and demand parties. They provide information, consulting, training, brokerage, legal and other services to market entities, and engage in coordination among various market entities.

Institutions or organizations that engage in self-discipline, communication, publicity and other activities can be divided into profit-making intermediary organizations and non-profit intermediary organizations, the latter such as industry associations, academic organizations, etc.

The driving force and source of the emergence and development of intermediary organizations is that as a regulatory mechanism to achieve balance, it appears in areas where the market and government fail at the same time. It coordinates the relationship between the government and the market, plays a role in lubrication and information transmission, and reduces the overall transaction cost of society.

, plays an important role in promoting the healthy development of the industry.

As far as the current situation of the annuity market is concerned, in order to give full play to the role of the enterprise annuity industry association, we first need to make a breakthrough in the institutional setup of the enterprise annuity industry association.

Specifically, it is necessary to highlight the independence and professionalism of the enterprise annuity industry association and allow the establishment of branches in various places.

As an industry self-regulatory organization, the Enterprise Annuity Association is a non-profit social group legal person and accepts the business guidance and supervision of the Ministry of Labor and the Ministry of Civil Affairs.

Generally, it mainly performs social functions such as "self-discipline, standardization, coordination, service, communication, and publicity". It promotes industry self-discipline management, strengthens industry integrity construction, reflects industry opinions and suggestions, improves industry development environment, and promotes and publicizes corporate annuity trust culture, etc.

We have carried out work in all aspects and played the due role of industry organizations.