This paper takes 2018-2019 Shanghai and Shenzhen listed financial companies as research samples to study the impact of the implementation of accounting standards for new financial instruments on the financial performance of enterprises. The results show that :(1) the implementation of accounting standards for new financial instruments is positively correlated with the financial performance of listed financial companies. (2) The implementation of accounting standards for new financial instruments has a more significant impact on the operating performance of non-bank financial institutions than that of bank financial institutions.

Qian Li. Analysis of the Impact of the Implementation of Accounting Standards for New Financial Instruments on Corporate Financial Performance -- Based on the Empirical Study of Listed Companies in the Domestic Financial Industry. International Journal of Frontiers in Sociology (2021), Vol. 3, Issue 2: 34-40. https://doi.org/10.25236/IJFS.2021.030208.

[1] Cheng Lili, Cao Guojun, Tang Jiayi. Accounting standards for new financial instruments have a significant impact in the early stage of implementation: Based on the data reported by listed financial enterprises in the first half of 2018 [J]. Financial Accounting,2018(10):18-26.
[2] Li Jianjun. Performance Evaluation of State-owned Commercial Banks [M]. Beijing: China Financial Press, 2004: 90-125.
[3] Gu Haifeng, Li Dan. Evaluation of commercial banks' operating performance based on factor analysis: Evidence from listed banks in 2010-2011 [J]. Research on Financial Regulation.2013(01): 93-109.
[4] Jiang Yuansheng, Zhang Lei, Xu Lijuan. The impact of market competition on the operation performance of rural commercial banks: A case study of 32 rural commercial banks in Zhejiang [J]. Rural Economy, 2018 (10) :64-71.
[5] Hong Jiajia. Empirical Research on the Impact of Replacing Business Tax with Value-Added Tax on the Tax Burden and Performance of Financial Listed Companies [D]. Wuhan University of Science and Technology,2018.
[6] Wang Huimin. The Impact of Accounting Standards for Financial Instruments Changes on Banking and Financial Statistics [J]. Contemporary Finance Research,2017(03):96-103.
[7] Wang Xiuling. Discussion on the purpose and significance of the implementation of new financial instrument standards [J]. Accounting,2019(08):8-9.
[8] Fu Yi. Analysis of the Main Changes and Influence of New Financial Instrument Accounting Standards [J]. Contemporary Accounting,2019(05):18-20.
[9] Ding Qixin. The Influence and Application of New Financial Instrument Criteria [J]. New Financial Management,2019(09):25-27.
[10] Chen Peng. The Impact of the Implementation of New Financial Instrument Standards on Financial Statements of Financial Enterprises -- Thinking Based on the Implementation of Five Major Banks [J]. Time Finance,2020(04):75-78.
[11] Zhao Minru. Research on the relationship between corporate social responsibility and financial performance based on stakeholder theory [J]. Journal of Jiangsu Vocational and Technical College of Economy and Trade,2019(06):16-20.
[12] Zhang Changzheng, Li Huaizu. Management autonomy, executive compensation gap and firm performance [J]. China Soft Science,2008(04):117-126.
[13] Wang Yu, Chen Zhenglin. An empirical study on the impact of supply chain integration on financial performance of listed companies [J]. Accounting Research,2014(02):49-56+95.
[14] Zhou Xuan, Cheng Liru, Wang Hao. Does the higher the level of technological innovation, the better the firm's financial performance? Journal of Pharmaceutical Research, 2010, 23 (1) : 79-84.
[15] Krueger J, Krueger J, Krueger J, et al. Financial Research,2012(08):166-179.
[16] Yang Moeru, Ye Muqing. What is the effect of "replacing business tax with value-added tax" on pilot industries? Journal of Wuhan University (Philosophy and Social Sciences Edition),2016,69(05):55-65.