Study On Accounting Information Disclosure Of Chinese Listed Commercial Banks

With the financial globalization and liberalization process faster, development offinancial innovation of product, so that, Stock reform of the wholly state-ownedcommercial Banks has been accelerated the process, China’s banking regulatoryauthorities is increasingly difficult to monitor bank, information disclosure problemshas become particularly important.In addition, the Barings Bank incident, theSoutheast Asian financial crisis, and the U.S. subprime mortgage crisis triggered bythe worldwide financial crisis in2007made the recession of the world’s majoreconomies, at the same time, the world’s banking sector suffered heavy losses, whichhave shown that the banking excessive information shielding causing financial systemcumulative risk resulted in collapse of financial institutions and led to one of theimportant reasons for the financial crisis. So, how to improve accounting informationdisclosure of our country listed commercial bank and narrow the gap withinternational standards has become an urgent problem.At present, China’s listed commercial banks are far from standardizedinformation disclosure, and there is a big gap between the internationally acceptedstandards of information disclosure and China’s, so Information Disclosure of China’sCommercial Banks is incompatible with the deepening of the socialist marketeconomy and the trend of financial development. In addition, some regulations aresound, but level of enforcement of major banks is very different. Thus, improving thequality of information disclosure of commercial Banks, China will further improvemarket economy mechanism, enhancing the transparency of information disclosure,and better participate in competition of international financial markets, finally help tostrengthen the regulatory supervision of listed commercial banks.In this paper, all types of commercial banks (including state-listed banks, listedjoint-stock banks and listed city commercial banks) as the research object,through thecomparison and research to the annual financial reports of listed commercial Banks,present situation on the various listed commercial bank disclosure system is Analyzedand a series of line with China’s actual requirements but also reflects the spirit of theBasel proposals was put forward which include four aspects: perfecting accountinginformation disclosure system of our country listed commercial bank, perfecting corporate governance mechanism, improving the Banks’ management capability andtechnical level, improving supervision mechanism on accounting informationdisclosure of our country commercial bank.Full-text is divided into six chapters: Chapter One is the introduction; this paperdescribes the research background, research purposes, meaning and methods, andresearch framework and ideas. The second chapter comprehensively, systematicallyelaborated the general situation of the commercial Banks information disclosure,including the meaning of information disclosure, the provisions of content and qualitycharacteristics required by "measures" and the new Basel II disclosure information.The third chapter the annual report of Industrial Commercial Bank of China,Agricultural Bank of China, Bank of China, Pudong Development Bank, Bank ofBeijing, Bank of Nanjing and other listed commercial banks as the basis, Through theinductive analysis of data, the disclosure status of the listed commercial banks indeficiencies of timely, authenticity, adequacy and relevance of is completelycontrolled.Chapter IV identify four main reasons in the disclosure of information that is thelegal level, supervision level, the management system level and the level ofmanagement capacity and technical level.The fifth chapter puts forward to suggestion and strategy improving theinformation disclosure system and supervision mechanism on the basis of thesestudies. The sixth chapter is the conclusion.The innovation points of This paper is first applied in data analysis on manyfinancial report; after data analysis, the existing problems on information disclosure oflisted commercial bank are combined with the quality of information disclosure inorder to explain the lack of transparency of information disclosure. The analysis ofreason for information disclosure problem is not chaotic, but systematic issummarized out.Again, a lot of rationalization proposals have been proposed, including:ⅰ.In the legal level, to improve accounting information disclosure system of ourlisted commercial bank. First, as soon as possible to establish a set of requirements,which reflects the spirit of Basel, and consistent with the disclosure of the actualguidelines, while also continue to perfect the normative aspects of the disclosure atthis stage, such as: standard sheet of business information disclosure, increaseddisclosure of non-financial information and so on. ⅱ.In the management system level, to improve corporate governance institutions.To gradually solve the property rights’ over-concentration of state-owned commercialbanks; vigorously introduce independent directors, Implement director responsibilitysystem; and gradually establish an effective incentive mechanism and internal controlsystem,so that our commercial banks are transformed into a "large moderncommercial bank with governance structure, operation mechanism, a clear businessobjectives, financial condition, and strong international competitiveness ".ⅲ.In the management and technical level, through the development of theinternal rating system and risk measurement models, Strengthening of managementinformation system and data base, in order to continue to improve the competitivenessof the banks themselves.ⅳ.In the regulatory level, to improve the regulatory mechanism in accountinginformation disclosure of the listed commercial bank. Not only to improve theinformation disclosure review mechanism for commercial banks, establish theconsolidated supervision system on information disclosure of commercial banks in,but also to perfect the disciplinary mechanism.