On the problem of the fund management fee, there is seriously benefits conflict between the fund administrator and fund holder.

The question of China\'s fund management fees seems in recent years particularly outstanding.

But in this paper, the empirical study based on panel data model shows that China’s existing fund management fees collection method can not play an incentive role.

By the means of formal and informal institutional development, the NSFC s regional liaison network has played an important and unique role in the fund management.

To eliminate the intangible liability of organizations to pension premiums and build a better pension insurance system, the author tends to suggest that part of the state－owned assets be converted into fund for social security and the pension fund management be further perfected.

Liquidity risks and its countermeasures for funds management companies in China;

To eliminate the intagible liability of orgenizations to pension premiums and build a better pension insurance system,the author tends to suggest thatpartof the state- owned assets be converted into fund for social security and the pension funds management be further perfected.