A Research On Chinese Commercial Banks’Information Disclosure

With the exposal of the series accounting scandal of Aaron, WorldCom and Xerox, the matter of accounting information disclosure attracts the whole world once again. Finance is the core of modem economy, while banking is the core of finance, and commercial banks are special industries that deal in money, SO its accounting information disclosure is more important than others. To improve the quality and level of disclosure is not only the necessary demand to perfect the market economy system, enhance the market restriction for banks and improve the financial transparency, but also the qualification for China to participate in the financial markets competition worldwide and accord with the international trend of banking supervision.Along with the continuous deeply reform of our nation’s financial system, some commercial banks which have wonderful business performances will enter the stock market in abundance, positively introducing overseas strategy investors, perfecting bank’s corporate governance structure, this will lay the good foundation for our nation’s commercial banks which will participate in the international capital markets competition. As the essential parts of the financial system, the characteristics of the business of the public banks are highly sensitive and risky, furthermore, the important position of the public banks in our nation’s financial structure and widely relationship in our society and economic sectors are of highly external feature. Externality causes bank running, and then affects the normal order of economy and the consolidation of society. At present, there are a lot of problems in information disclosure of our nation’s commercial banks, such as the truthlessness, the insufficiency, the disunity, etc. Samuel Johnson once said:"where mysteries or secrets begin, where corruptions and frauds are nearby."In another word, at the places where information cannot be disclosed secrets foster mistrusts. Information disclosure of the public commercial banks is not regulated strictly by the regulating organizations, the false, incomplete and out-of-date information of the public commercial banks will certainly run amuck, which will also harm the ordinary investors’confidence of their operation of investment in the stock market of our country, which will in turn decrease the effectiveness of resource allocation of the stock market and proper operation of it, furthermore harm the development the whole nation’s economy. Thus, under the present environment which the American Subprime Crisis have caused the Worldwide Economic Crisis, how to perfect the information disclosure system as well as its exterior regulation mechanism of the public commercial banks is an important and urgent issue front of us.This article mainly adopt the standard method of research, together with some inductive analysis and comparative analysis. From the commercial banks of the basic theory, to analysis the existing problems of our country commercial bank company accounting disclosure, and through the case analysis of accounting information disclosure aspects to reveal the essence of the problem. The last, based on in the developed countries for reference the experience of accounting information disclosure, proposed solutions Suggestions measures to our country commercial bank accounting information disclosed the question.In addition to the introduction, Papers on the structure points five chapters to elaborate accounting information disclosure of commercial Banks on the issue:(1) Preface part, main content includes the research background and significance, research methods, and review of the existing study, the content, the basic framework, the key problems to solve.(2) The first chapter presents the theoretical basis of accounting information disclosure. Introduced the concept of accounting information disclosure, accounting information disclosure quality characteristics, accounting information disclosure of relevant theories and bank accounting information disclosure of the content, way and characteristics. Through the outstanding characteristics of the bank, which is different from other industry accounting information disclosure.(3) The second chapter reveals the accounting information disclosure of commercial Banks in China present situation and existing problems of the analysis. Pass to our country commercial bank accounting information disclosure of the analysis of the present situation of China’s commercial Banks that accounting information disclosure problems of: the commercial bank risk disclosure supervision system is not perfected; Commercial bank accounting information disclosure standards than the government, lack of comparable; Commercial bank accounting information disclosure content is not comprehensive; Commercial bank accounting information disclosure content is not reliable.(4) Chapter3, our country commercial bank accounting information to disclose the existence of the cause of the problem analysis. The main reason in two aspects, that is, internal cause and external factors. Internal to its own reason is management techniques and governance structure of a company, and external factors are mainly external supervision, the system of laws and regulations and external information needs of subject vacancy three problems.(5) The fourth chapter, foreign commercial bank accounting information disclosure of enlightenment experience. This paper analyzes the new Basel capital accord on accounting information disclosure aspects of the standard, introduces the United States and Singapore two more representative countries, mainly two countries in the accounting information disclosure aspects of the system’s instructions, pass to our country and the United States, Singapore the contrast of the two countries get some enlightenments.(6) Chapter5, our country commercial bank accounting information disclosure improvement measures. This paper respectively from the five aspects put forward the corresponding countermeasures including:standardize legal rules and system; Strengthen external supervision mechanism; Increase the demand of accounting information subject; Perfect the corporate governance of commercial Banks; Improve the technical level of commercial Banks.