China And The U.s. Bank Investor Relations Page Of The Information Disclosed Herein Is A Comparative Study

The information disclosure of joint stock banks is getting more and more attention in the field of world banking. The Basel Committee on Banking Supervision issued Core Principles for Effective Banking Supervision in 1997, which emphasized the importance of information disclosure. According to the relative principles of Basel Committee on Banking Supervision, Chinese joint stock banks have begin disclosing information, but there are still not as good as the ones of developed countries. This dissertation would analyze and compare the information disclosure of Chinese and US joint stock banks'investor relations website, and give some advices for Chinese banks.The dissertation has seven Chinese joint stock banks and five US ones as analysis samples, to analyze and compare the information disclosure content at the website for investor relations, focusing on eight items of information disclosure content including financial information, stock price information, investor service information, company governance, company statement, news release, background information and social events related information.The result shows that the average of total evaluation of Chinese joint stock banks is 52%, Respectively, the best is China Construction Bank, secondly is Bank of Communications, China Merchants Bank, and Industrial and Commercial Bank of China, and the Bank of Beijing takes the third place , the Bank of Nanjing and SPD Bank take the forth and the last position. As a whole, the main information on the Chinese banks' investor relations website includes: financial information, annual report, dividend history, company governance, company statement and background information.Comparatively, the average of total evaluation of US joint stock banks is 76%. And the best is Bank of America, the second is JP Morgan Chase, the third is Citibank, Wells Fargo and Bank of New York Mellon. Several items get full mark, which include financial information, SEC filings, Credit Rating, annual report, stock price information, dividend history and company governance. And other several items get 80%, that is, frequently asked questions, company statement and news release.In a word, as for the items of disclosure, the difference among Chinese joint stock banks is apparently bigger than the one among US's. Moreover, from the perspective of choosing ways of information disclosure, compared to US banks, Chinese banks pay less attention to website, in other words, from this result, we can say that Chinese joint stock banks attach less importance to the investors whose information is mainly from Internet.