China's Listed Companies Accounting Policies, Governance Mechanisms And Financial Strategy

At the beginning of the 2004, TCL Corporation absorbed TCL Communication Limited Company, and then it made shareholders of original TCL Communication acquired new stocks of TCL Corporation and increased the amount of stocks for TCL Corporation at the same time. Therefore, TCL Corporation made the whole group with small cost to go public on stock market in a shorter time. Under this kind of special state of China economic environment, appearing on security market of a group company not only means the development of the group company, but also means the conversion of corporate governance.This essay links with the above case and adopts qualitative and quantitative analysis, looks back at the process of going public and business combination, and find out the cause of IPO and combination, finance policy, accounting approach and difficult position. On this basis, scientifically recommends the strategy that TCL Corporation develops own core confidence and competition in order to keep and expend its market advantage. The paper analyses capital behavior and corporate governance on listed company under the special state of the security market.This paper draws the conclusion that listed company develops their own core confidence and competition and can make value added with the help of successful finance policy, perfect corporate governance and rational accounting approaches.