Information disclosure of commercial bank has been a key issue to improve the market economic mechanism, to strengthen banking market discipline and to upgrade financial transparency, as well as a major concern of bank regulators, depositors, investors and other stakeholders. For decades, the information disclosure of China's commercial bank has been unsound, due to insufficiently disclosed information and non-standardization of the disclosure in terms of content, manner and procedure. Especially, in currently difference circumstances of the banking industry, banking information screening has been a key root causing the financial risk.Hence, this paper focuses on information disclosure of China's commercial bank. It commences with a glance at the history and present situation of China's commercial bank information disclosure and a research on its information economics and modern financial theory. It then investigates on the commercial bank information disclosure standard system, disclosure principles, information quality standards, contents and form of the information to be disclosed, and further improvement of the disclosure.This paper commences with the function and evolution of information disclosure of China's commercial banks and identifies the various roles that played during the evolution including the first public listed joint-stock commercial bank, China Securities Regulatory Commission, the People's Bank of China and the professional organizations in the community. It then points out the three key features of the existing information disclosure: different scope of disclosure, inconsistency of regulatory policies and the low quality of information disclosure personnel. Five problems exposed to us are identified: insufficient information disclosure, involuntary disclosure, untimely information, fraudulent information and inoperable standards for disclosure. Consequently, I believe that the urgent action to be taken by the regulators is to establish consistent, standardized and operable standards orguidelines for information disclosure.The paper also believes that the commercial bank is a special type of public enterprise, which should continually provide timely, sufficient and constant information to its depositors, investors and other market participants, and thus enable the market participants to make decision in respect of the bank's business activities, financial position and risk profiles.The paper also believes that it should be constructed an information disclosure system of commercial bank which is suitable with the situation of our country from three aspects of commercial bank itself, financial supervision and improve the personnel quality. The qualitative characteristics of disclosed information must be truth, relevance, timeliness, comparability, completeness and understandability.The paper believes that the information supervision should be the core of the regulation of the commercial banks. The information regulation of the commercial banks should be included accounting, society and government supervision. Aiming at the distempered situation of our country, we should establish a complete system of regulation with the great efforts from many respects.The paper believes that the quality of personnel will influence the information disclosed by commercial bank to great extent. The absence of the integrity of accounting has become a common condition. So in the course of establishing the system of information disclosure, it should be that improved the accountants' quality, strengthened the internal and external auditing and rebuild the integrity of accounting. |