做市商制度国际经验与中国的选择.ppt

The Stock Market Development and Accounting Reformthe case of China May 2006 Two contents 1. The process of China’s stock market development and the accounting system reform； 2. The issues of China’s stock market development and the accounting system reform ； The first section The process of China’s stock market development and the accounting system reform First landmark event On May 1992, in order to meet investors’ needs to understand the financial information of public companies; The Ministry of Finance established and issued the “Accounting System of Selected Joint-Stock Companies” 。 The process of landmark 1 On September 1982 China took a small step to market economy ； In 1984,the shareholding economy emerged in China. the shareholders are employees of the stock companies, no need for accounting information； On January 1985，the first stock trading counter of New China established; The process of landmark 1 On December 1990,Shanghai Stock Exchange established. 8 listed companies,6 different accounting systems； On June 1991, “Performance specification” as 1990 annual financial statement semipublicly released in Shanghai Stock Exchange special issue” ； The process of landmark 1 On June 25th, 1992, 《 People’s Daily》 published “Accounting System of Selected Joint-Stock Companies”, requiring implementing from March 5th, 1992 。 Second landmark event During 1992 to1995, in need of going abroad for domestic enterprises, Ministry of Finance issued a series of supplementary rules based on “Accounting System of Selected Joint-Stock Companies” The process of landmark 2 On 21st February, 1992, first B Share Company issued in the Shanghai Stock Exchange. On November,1992 and April,1993, Ministry of finance issued a series of supplemental regulations based on “Accounting System of Selected Joint-Stock Companies”, regulating the accounting work of H share companies The process of landmark 2 On April, 1996, Ministry of finance issued a supplementary