Research On Accounting Information Disclosure Of U.S.-listed Chinese Companies

Since 1992,Brilliance Automotive successfully landed the US capital market to the end of 2016,in the past 25 years have been 318 C hinese companies listed in the United States.However,in the US-listed C hinese companies since 2010 because of frequent disclosure of information by the group litigation and eventually delisting.According to statistics,from 2010 to 2016 has 149 C hinese enterprises delisting,delisting the number of listed companies accounted for 47% of the total number of years.In 2016 the number of delisting a new high,reaching 31,only a year to reach the number of listed companies over the years 10% of the total number of listed companies.The report of the 18 th National Congress of the Communist Party of China(CPC)in 2012 proposed to accelerate the pace of C hinese enterprises to go global,enhance their inter national operation capacity and foster a number of world-class multinational companies.However,the violation of information disclosure in the US listed companies has seriously affected the process of Chinese enterprises going out,and still has not been resolved in real sense.The case studies of domestic and foreign enterprises in C hina listed on accounting information disclosure in this area are also More lacking.Therefore,it is helpful to provide reference for improving the quality of accounting information disclosure of C hinese enterprises listed in the US and to speed up the pace of Chinese enterprises going out.This paper first summarizes the development history of C hina's listed companies in the US and the disclosure of accounting information.Secondly,based on the background of Mecoxlane,the accounting information disclosure is analyzed.It is found that accounting information disclosure is untrue,Incomplete and accounting information disclosure mechanism is not mature four issues;once again in-depth analysis of Mc Caw Lin accounting information disclosure of the reasons for the problem: the company's venture capital over-packaging enterprises listed companies are not familiar with the differences in accounting information disclosure system,the company failed to comply with the United States The disclosure of accounting information disclosure requirements,the company's ability to public relations crisis of accounting information disclosure is weak;the last proposed in the United States listed C hinese enterprises accounting information disclosure recommendations: to optimize the company's equity structure,improve the internal supervision mechanism,familiar with the accounting information disclosure Institutional differences,strict compliance with US accounting information disclosure regulatory requirements,enhance the company's crisis handling public relations capacity.This article mainly uses three research methods: First,case study,in-depth analysis of Mecoxlane the existence of accounting information disclosure issues for the US-listed Chinese companies and companies want to be listed in the United States to provide lessons learned;the second is literature research.Through the relevant bibliography,theoretical literature and access to network information,accounting information disclosure of listed companies related to the basic theory summarized;Third,comparative analysis,through the Sino-US regulatory laws and regulations and the horizontal comparison of the enterprise accounting The longitudinal comparison of the information disclosure situation makes the case analysis more comprehensive and persuasive.This paper will summarize the research on the information disclosure of overseas listing and domestic listed companies of C hinese enterprises,and take C hinese enterprises as the entry point for accounting information disclosure violation in the US,which makes the countermeasures put forward on this basis more persuasive and reference.Finally,this article from the perspective of accounting information disclosure,proposed to promote cross-border cooperation between C hina and the United States to correctly guide the US listed companies in China information disclosure point of view.