Study On The City Commercial Banks’ Information Disclosure

Financial system is an important link in the modern economy, and the commercial banksare the core industry of the financial system. The explosion of Asian financial crisis and U.S.subprime crisis has warned us: the transparency of banking information disclosure relatesdirectly to the security of a country’s financial system. The Basel Committee, the InternationalAccounting Standards Board even the whole world is beginning to pay attention and concernthe banking information disclosure, while the Banking Regulatory Commission and theMinistry of Finance of our country have also made unremitting efforts in issuing and revisingthe banking information disclosure system. As an important part of the banking sector, the citycommercial banks play an indispensable role in the local economic development, whileserving the small and medium enterprises and the urban residents.With the continuous deepening of financial system reform, the regulatory authoritiesraise more stringent requirements to the banking information disclosure, which is undoubtedlyan unprecedented challenge for the city commercial banks after restructuring andreorganization shortly. Under the increasingly fierce situation of banking competition, if thecity commercial banks want to maintain business operation and improve social influencethrough attracting more debt capital and equity capital to maintain business operations, theymust face the pressure of public information disclosure. At the same time, many informationdisclosure issues of the banks have highlighted gradually. For the city commercial banks,improving the quality of information disclosure is a necessary requirement in maintaining theinvestors’ and creditors’ legal rights and interests, is also a forceful assurance for the stabilityof financial markets and the development of local economy, even is an important way toenhance the competitiveness of commercial banks. Therefore, researching issues about theinformation disclosure of the city commercial banks and improving the quality of informationdisclosure, has been a significant subject which must be solved quickly by the commercialbanks, Banking Regulatory Commission and other relevant organizations.According to the general idea of raising questions, analyzing questions and solvingquestions, this article intends to use random sampling method, comparative analysis method and other research methods, to explore the issues related to information disclosure of citycommercial banks. Firstly, based on the2012annual report of China’s100city commercialbanks, this article evaluates the actual current situation of information disclosure, which existsuch questions as not timely disclose, unreal and incomplete content etc. Then, after thoroughanalysis, this article summarizes some resulting causes of these questions, which can bebroadly divided into three aspects including China’s legal system, bank’s disclosure level, aswell as the supervision and management system. Finally, against these factors, this articleproposes separately some countermeasures, in order to improve the questions of citycommercial banks’ information disclosure.