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Financial reports are the core financial accounting, corporate and capital markets as one of the most important among the visible form of communication in strengthening corporate communication with the external environment, the development of capital markets, and promote efficient allocation of resources has played an important role . Enterprise is a series of contracts binding body, corporate investors, creditors, regulators and other stakeholders as the contracting parties ubiquitous asymmetric information, financial reports to communicate with them and thus become an important \It does this by making each information users provide relevant information to help them predict the company's future cash flows and the level of risk, and thus to make a comprehensive evaluation of the enterprise. Disclosure of the information content of financial reporting more relevant, reliable, and more adequate, timely, and its ease of information asymmetry with regard to the role played by the greater, the more efficient allocation of resources to help improve the efficiency of capital markets. As China's socialist market economy and the rapid development of enterprise in which the financial environment has undergone great changes. However, because of the current financial reporting by the traditional constraints of accounting theory, can not meet the social and economic development, unable to meet information users of accounting information increasingly diverse needs. To adapt to the new economic environment, the content and form of financial reporting is bound to continue to develop and change. Based on this, the author introduces high-quality financial reporting Thought (QFR) financial reports of listed companies on China-related issues were discussed, in order to contribute to the improvement of the existing accounting practices for the improvement of our financial reporting play a guiding role ideas. In this paper, the use of standardized research methods. First, China's listed companies to systematically investigate the status of financial reports, financial information to solve the supply and demand huge gap between the introduction of high-quality financial reporting (QFR) ideology, and as a change in the financial reporting of listed companies theoretical basis. Secondly, from the perspective of listed companies overall comprehensive and systematic thinking based on providing high-quality financial reporting QFR objections were analyzed, and then guide people a rational point of view to look at high-quality financial reporting, with the right approach to providing high-quality financial reporting . Finally, from a listed company's financial report itself and the related changes in balance mechanism based on two aspects QFR ideological vision to provide high quality financial reporting. Including financial reporting of listed companies to provide high quality financial reporting guidelines, content, procedures and disclosure forms, etc.; related checks and balances mechanism, rational investors in the training and support of the premise, to improve internal and external governance machine production support , while developing and implementing high-quality standard system. That is, from basic theoretical and practical aspects are given a set of specific changes systematically listed companies' financial reporting solution.
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