A Probe into Financial Disclosure of Chinese Commercial Banks

Ever since the adoption of the New Accounting Standard in China in 2007, the practice of banking financial disclosure has gotten on the track of normalization and standardization. Nonetheless, the actual performance of this practice varies among banks and this in consistent practice is even more evident in their disclosure of information about reserves for asset losses or depletions. A bank's financial disclosure should serve accounting objectives, hence the need for unification in disclosure of major accounting information items.