Developments of Securities Markets and Evolution of Financial Accounting Systems in Asian Countries including India

我访问了澳大利亚、马来西亚、新加坡、中国、台湾和香港，收集了原始资料，大部分资料已经分析过；在马来西亚，我住在马来西亚的Utara大学，试图获得有关马来西亚股票持有率和股息趋势的资料。我发现了以下事实。首先，在马来西亚，在10年长期计划等福利政策下，他们有马来人、印度人和中国人等种族的政治目标和股东比例。其次，根据强大的公共权威，政府对私营企业拥有真正的控制权。第三，英国这个最后的宗主国仍然对马来西亚有很大的影响，马来西亚一直在自动接受总部设在英国的国际会计标准委员会的标准，在注册会计师的头衔上，他们相互接受英国、澳大利亚、加拿大和其他英国共同富裕国家的头衔。第四点在新加坡和香港的案例中也是如此。在中国身上，我得到了复旦大学和北京大学等机构的大力帮助。中国目前的演变值得密切关注。在国家政府介绍英美两国最新动向的政策下，他们一直在努力建立包括注册会计师制度在内的财务和审计制度。我与台湾苏州大学的柯琼峰教授共同做了一个关于金融衍生品的报告，题目是《衍生品与财务报告：日本财务困境案例》。我很快就会完成从公司治理的角度比较公司会计制度的文章，重点放在审计师的任命和股息的规定上。

I visited Australia, Malaysia, Singapore, China, Taiwan, and Hong Kong to collect original materials and I have already analyzed most of the materials.In Malaysia, I stayed at the Universiti Utara Malaysia and tried to get materials relating to stockholdars holding ratios and dividend trends in Malaysia. I found out following facts. First, in Malaysia, under the gevrnment policies sush as 10 year long-term plan, they have politionl goal te sat stockholders ratio in terms of their human races ef Malay, Indian, and Chinsse. Second, According to strong public authority the government has real controls to the private companies. Third, the U.K., the last suzerain state, still has great influence on Malaysia and Malaysia has been automatically accepting the standards of the International Accounting Standarda Board af which headquarter locates in the U.K. Foarth, on the titles of Certifed Public Accountant, they accept tho titles of the U.K., Australia, Canada, and other countries of the British Common wealth of Nations each other. The fourth point is also true in the cases of Singapore aad Hong Kong.In China, I got great assistance of such institution as Fudan University and Beijing University. The current evolution of the China shall be carefully watched. Under the national government policy to introduce the latest movements of the U.K. and the U.S.A., they hare been doing their best to establish their financial and auditing systems including the CPA systems.With Prof. Chiung Feng Ko, Soochow University Taiwan, R.O.C., I make a co-author presentation on financial derivatives under the title of "Derivatives and Financial Reporting: The Japanese Financial Distress Cases."I will soon complete articles to compare corporation accounting systems from the viewpoint of corporate governance focusing upon the appointments of auditors and the regulations on dividends.