The partial funded scheme has been founded in China more than 10 years，but the surplus of the funds has not yet been efficiently invested in a right way，quite on the contrary，it has been kept in local level governments and misused and lost very much；On the other hand，NSSF （National Social Security Fund） went improperly last year into the domestic financial markets with many uncertainties and risks. The author argues that a tri-funds investment scheme should be established in China：NSSF should not invest in domestic equities markets but go out to the international markets；the IA （individual accounts） should be independently split out as a IA Fund from the pool，investing totally in the domestic financial markets；the pool surplus be as a PS （pool surplus） Fund and should leave both equities and the industry investments such as real estates，infrastructures and social investments like Japan，who has lost too much，which can be called Eastern Investment，but should be invested in two quasi-financial-markets namely local-level outstanding bonds markets to be constructed，and a quasi-market with corporate bonds issued by the State-owned banks，and，in one quasi-credit-market between the three funds. The author also argues that PS Fund’s pooled level should be upgraded from the level of the counties and cities to that of the states，and IA Fund and NSSF should be directly administered by the State，and PS Fund by states respectively. The interests of a such investment for the three Funds can catch up with the social average salary growth，and reduce the central government’s burden a lot，with the reduction of employers’ contributions from 20% （specialized for the social pool） to 8%，and the left 12% should be transferred to the IC，which can increase the amounts for the financial markets.