A Study On The Implementation And Impact Of New Financial Instruments Standards On A+H Share Listed Banks

In 2008,the financial crisis that broke out in the United States has aroused widespread attention and discussion from all walks of life,and relevant researchers actively explored the causes of the financial crisis,and believed that some problems in the financial instrument standards led to the occurrence of the financial crisis,so the International Accounting Standards Board(IASB)revised and implemented the Recognition and Measurement of Financial Instruments(IAS39)for the purpose of ensuring the smooth operation of the financial market.The Chinese government also attaches great importance to the development of the financial industry,hoping to gradually integrate with international standards,"Accounting Standard for Business Enterprises No.22-Recognition and Measurement of Financial Instruments" is formulated according to IFRS9’s "IFRS 9-Financial Instruments",which has carried out more norms and divisions of banks and financial instruments in China,and clarified the implementation of new standards such as classification standards,impairment models and measurement methods of financial assets,which has a significant impact on the development of China’s banking industry.Through the analysis and study of the development of Chinese banks and the impact after the official implementation of the new standard,it is of great significance for the subsequent development of the banking industry.In this study,the relevant exploration and discovery were carried out with the help of literature research method,case study method,comparative analysis method and other research methods,and the research background and relevant research results at home and abroad were systematically elaborated in this paper.Secondly,financial instruments,accounting information quality,accounting objective theory,accounting measurement theory and accounting economic consequences theory are introduced.Third,a specific and comprehensive multi-level analysis of the impact of the new standard on A+H-share banks is carried out.Then,taking Bank of China as an example,this paper explores the specific impact on the financial practices of Bank of China under the background of the changes in accounting policies caused by the new financial instrument accounting standard,and analyzes the problems arising from the application of the new financial instrument standard.Finally,from the aspects of classification and measurement of the new standard,this paper puts forward development suggestions for Chinese banks to improve the financial quality under the new financial instrument accounting standard.The results of the study show that:(1)After the adoption of the new standard,the investment in equity instruments has been reclassified into FV-TPL financial assets,resulting in a significant increase in the proportion of such assets and a significant impact on the profits of banks.(2)The expected credit loss model plays an important role in preventing the decline of banks’ credit risks and asset quality and ensuring asset safety,and is conducive to the analysis,consideration and judgment of risks that banks expect to occur,and enhance their risk resistance capabilities.(3)The implementation of the new financial instrument standard will have a certain impact on the current net assets of banks,making them appropriately reduced,and may also change the asset adequacy ratio of banks.(4)The new standard guarantees the authenticity of the income statement for equity investment adjustments in accounting treatment,improves the accuracy,authenticity and reliability of bank financial reports,and makes accounting decisions more reliable and effective.The main innovation points of this paper: starting from the new financial instrument standard and carrying out research based on actual cases in China,it can promote the banking industry to fully understand and apply the relevant content and requirements of the financial instrument standard;Taking A+H-share listed banks as the research object and Bank of China as the case object,the impact of the new financial instrument standard on the finance of A+H-share listed banks is analyzed,which can provide certain theoretical research support for the implementation of the new standard in other financial industries.