Research On Accounting Treatment Of Financial Products Of Commercial Banks Under The New Regulations Of Asset Management

With the continuous development of financial innovation,the scale of financial management business of commercial banks in China is constantly rising,which is also accompanied by higher financial risks.The Guiding Opinions on Standardizing Asset Management Business of Financial Institutions(i.e."New Regulations on Asset Management")promulgated in 2018 and its supporting implementing rules "Regulations on Supervision and Management of Financial Business of Commercial Banks" determine essentially the connotation of asset management business,which clearly points out that asset management business is the off-balance sheet business of banks,which puts forward new requirements for accounting of financial products of commercial banks.However,at present,there are some problems in the financial management business of commercial banks in China,such as inconsistent accounting confirmation subjects,non-standardized use of accounting measurement attributes,and lack of unified standards for accounting information disclosure.Based on this,this study will explore the improvement of financial products accounting treatment of commercial banks in combination with the "new regulations on capital management",hoping to provide enlightenment for the construction of financial products accounting treatment norms of commercial banks in the new context.On the basis of reviewing the relevant research literature of financial products accounting treatment at home and abroad,and through statistical analysis of the current situation of financial products business treatment of 31 A-share listed banks in China,this paper finds that there are some problems in accounting treatment of financial products in China,such as inconsistent accounting confirmation subjects,non-standardized use of accounting measurement attributes,and lack of unified standards for accounting information disclosure.In view of these problems,according to the requirements of the "new regulations on capital management" for the accounting of assets management business of financial institutions,and on the basis of fully combining the essence of financial management business and drawing lessons from the experience of foreign advanced capital management banks,this paper attempts to put forward some ideas for improving the accounting treatment of financial products of commercial banks in China.Based on this,taking Bank X as an example,this paper studies the accounting treatment of financial products by field investigation and interview of Bank X and combining with the annual report of 2015-2017,and then applies the improved accounting treatment method to the accounting treatment of financial products of Bank X.Finally,the paper puts forward some suggestions on strengthening the study of relevant accounting standards and norms of commercial banks’ financial management business and establishing a self-evaluation system of commercial banks’ financial products business.In this way,on the one hand,we hope to play a normative role in the accounting practice of financial products of commercial banks,on the other hand,it will help policy makers to promote the study of relevant accounting standards,so that regulators can follow the rules in supervision,and at the same time,we can achieve the purpose of providing high-quality accounting information for users of financial products accounting information to improve the efficiency of decision-making,so as to provide business in China.The healthy and orderly development of banking and financial services escorts us.