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With the rapid development of the world economy, the role of fair value is becoming more and more important. The Ministry of Finance of the People's Republic of China has promulgated relevant accounting standards since 2006, and the re-introduction of fair value is particularly eye-catching. This shows that fair value has been continuously used in China, and the relevant accounting standards and accounting systems have been continuously supplemented and improved since then. This move raises the importance of fair value even further. Using the literature analysis method, this paper will deeply explore the impact of fair value on the Chinese market from multiple perspectives such as Chinese and international research and application value. This paper finds that there are some problems in China's economic market, such as the unclear definition of the concept of fair value, the imperfection of market conditions, and the inadequacy of supervision and restraint mechanisms. Finally, in view of the problems existing in the application of fair value in China's economic market, this paper proposes to implement unified and clear measurement standards, improve the market mechanism of fair value measurement, and strengthen the supervision of the market and enterprises.
Yibo Wang (Wed,) studied this question.