Research On Financial Instruments' Fair Value Measurement In China

In 2008,with the outbreak of the international financial crisis,the community began to pay attention to the complexity of accounting standards of financial instruments and the pro-cyclical problem of fair value.How to reduce the complexity of financial instrument standards and optimize the measurement of fair value of financial instruments has become the focus of discussion.With the release of IFRS9 and revised CAS22,the academic circles have set off a new climax of research on fair value measurement of financial instruments.This paper focuses on the market environment of post-financial crisis and discusses how to measure the fair value of financial instruments.This paper puts forward four theoretical bases.Then,according to the measurement ideas and methods of fair value of financial instruments,the paper makes econometric analysis from the angle of hierarchical input value and valuation technology,and finds that the fair value of financial instruments under different levels shows regularity.In addition,the fair value application of financial instruments disclosed in the annual reports of 58 and 130 non-financial industries in the Shanghai and Shenzhen A-shares listed in 2016 should be reasonably selected.This paper puts forward the existing problems in the measurement of fair value of financial instruments in China from the micro and macro aspects,and puts forward the corresponding countermeasures and suggestions in order to improve the accuracy of valuation,reduce the measurement errors and risks,and ensure the stable operation of the capital market.