China's Listed Commercial Banks Information Disclosure Research

There is a wide range of information asymmetry in market, therefore, accessing to the relevant information timely and accurately becomes essential in a variety of transactions. Information disclosure of commercial banks, as a particularly important part in the modern economic system, cannot be ignored. Because of the information asymmetry, between the mass customers and the banks in each financial transaction, that is the banks fully understand their customers but it is hard for the customers to grasp their credit situation, it is difficult to prevent the banks with bad credit situation from absorbing the public deposits. Information disclosure is the basic requirement and important means of banking supervision. As a kind of special enterprise that has both characters of listed company and commercial bank, listed commercial bank, which lies in multi-level economic duty relations, has the different supervisory requirement of information disclosure. Disclosing information timely and increasing transparency will enable the supervisor and the public to detect the potential risks quickly in the financial system and take effective measures to eliminate the risks.The dissertation has captured information disclosure of listed commercial bank, which is the front and hot problem in present research field of banking supervision and company treatment. Then, it attempts to find some solutions to improve the information disclosure of listed commercial bank in China based on the study of the basic theory of information disclosure after reviewing current situation of information disclosure about domestic and foreign commercial banks. To be specific, the dissertation is divided into five chapters as follows.ChapterⅠ, Introduction. Paper mainly introduces the research background, research methods and ideas, as well as domestic and international literature review papers.ChapterⅡ, The theory of the commercial bank information disclosure. Based on the theory of information asymmetry as well as the particularity and externality of the commercial banks, this part elaborates the necessity of the information disclosure system, which is an important means to make up for the supervision, strengthen the market discipline, and prevent the risks.ChapterⅢ, This part mainly discusses the supervisory system and characters of the information disclosure in listed commercial banks in China. Then, it profoundly analyzes that the information disclosure of listed commercial bank has many problems in the supervisory authority, the supervisory regulation, the level of information disclosure etc., and reveals the deep reasons for unsatisfactory information disclosure of listed commercial bank.ChapterⅣ, Based on the reference of Basel Committee and the bank information disclosure regulations of foreign countries such as America and Singapore, this part identifies the gap between the international standards and the domestic ones, and also finds the direction to improve and perfect the regulations of bank information disclosure in China.ChapterⅤ, The suggestions about perfecting the information disclosure system of commercial banks in China. In the first place, the laws and regulations for the management of financial institutions in China should be strengthened. In the second place, the accounting standards for the information disclosure of commercial banks should be improved. To complete this, we should firstly ensure the effective implementation of the new "Accounting System of Financial Enterprise", then perfect the accounting standards of derivative financial instruments, and finally strengthen the quality standards of the commercial banks information disclosure, and fourthly improve the loan loss reserve system. In the third place, the system reform, eliminate the barrier of the system should be deepened, and the management capacity and technical level of the commercial banks be developed. In the fourth place, the supervisory agencies of the commercial banks information disclosure in China should be improved. In the fifth place, the rules of the commercial banks information disclosure should be perfected.Therefore, the establishment of such a high standard disclosure system directly is not feasible now, which decides that we must implement the information disclosure system of commercial banks gradually, adopt appropriate strategies that progress in phases and levels, and develop the information disclosure system with target and focus. We cannot get it done in one action.