China's Commercial Banks, Quality Of Information Disclosure

The high-quality disclosure of information not merely helps to enhance bank's transparency, promote the performance of bank operation and improve the capital allocation efficiency in the financial market, it is also the precondition and an important auxiliary means of effective bank supervision. How to accelerate improving the quality of information disclosure of commercial bank has been an important task in China financial deepening process. In the combinative perspective of information economics and modern financial theory, this thesis makes a detailed analysis of how to improve the quality of China's commercial banks' information disclosure.At first, this thesis uses the asymmetric information theory to elucidate the significance of commercial bank's information disclosure, and then puts forward that information disclosure of China's commercial banks must satisfy the qualitative characteristics which include usefulness in decision making, comprehensive, relevance, reliability, comparability and consistency and must subject to considerations of two principles of costs and benefits and materiality. Following this, this thesis attests that strengthening the supervision of commercial bank disclosure can improve the quality of disclosure by using the cost- benefit analysis and the game-theoretic modeling and analysis.Through the reviews of information disclosure of international commercial bank industry and China's commercial bank, this thesis points out that the information disclosure mechanism of China's commercial bank is imperfect and the quality of disclosure is poor. The causes of the poor quality of disclosure of China's commercial bank include the incompleteness of governance structure, the imperfect of internal control mechanics, the insufficiency of managers and operators of commercial bank and the incomplete outside system of commercial bank disclosure. In order to improve the quality of information disclosure of China's commercial bank quickly, this thesis proposes that the following measures should be taken: firstly, accelerating China financial reform so as to enhance the ability of bank of information disclosure; secondly, ameliorating internal control mechanics of commercial bank andstrengthening outside audit mechanics; thirdly, making the information disclosure mechanism of commercial bank to be perfect; lastly, strengthening bank supervision to supervise and urge commercial bank strictly to improve the quality of information disclosure.