The Risk Management of Insurance Funds Investing in Public Rental Housing PPP Mode - Taking Shanghai Public Rental Creditor's Projects as an Example

摘要

In order to study risk management of insurance funds investigating in public rental housing PPP mode, this paper, in perspective of the insurance companies, taking Shanghai public rental creditor's projects as an example, using cash flow matching theory and VaR methods to empirically analyze current two PPP public rental projects involved by insurance funds. Empirical results show that investment in public housing improves the stability of assets. PPP model can improve the stability of the long-term return of insurance funds so as to benefit the long-run development of insurance companies.