The Offshore Financial Theory: The Analysis And Ideas On The Offshore Finance Development In China

Financial liberalization, internationalization should be the most obvious and important developing trend in the world finance system since the 80th of the last century.According to the author's ten years' offshore banking business experience, at the beginning of the article, He expatiated the origin, developing mode, status and the characteristics of offshore banking business. Then the paper analyzed the reason of its origin and development. At the same time, the author indicated that the offshore banking business is the result of financial liberalization and internationalization and that it should be one of the most important innovations in the financial developing history. On the other hand, through analyzing the developing status of the offshore banking business, He summed up the experiences and lessons in the practice in China. With China's entry into WTO, the People's Bank of China has put forward that offshore banking business will be resumed in some of commercial banks. Thereby it would be a good opportunity for China to develop the offshore banking business. In the final part, He also provides some suggestions and measures in this regard.The basic point of view of this paper: The offshore banking business is the result of financial liberalization and internationalization. It is a non-national boundary international business in real sense and it should be one of the most important innovations in financial developing history. China should quicken its steps to developing offshore banking business in order to quicken the procedures of the financial internationalization.