Legal Supervision Of Offshore Finance

Offshore finance is the outcome of financial market development and innovative, the product of financial liberalization and internalization. Although its history is only less than one hundred years, but with rapid development,it has become an important part of modern finance and plays an important role in the international financial market. With its unique characteristics of unregulated, Offshore finance can Accelerate the development of economic, Meanwhile, offshore finance has its high risk,which can Increase the insecurity of economic operation.so it is necessary to supervise offshore finance,in order to lower the risk and maximize the function of offshore finance. there are several means we can take,such as legal means. economic means and administrative means. But with normative and transparency, legal means is considered to be the best one to supervise offshore finance. The legal supervision of offshore finance consists of two parts:the choice of regulatory models and specific regulatory means.The specific regulatory means can be subdivided for market access supervision, market operation supervision and market withdrawal supervision. As the offshore financial markets is purely international financial markets,it gives many nations to surpervise the offshore market,such as the currency issue country, the investor's motherkland and the money raising motherland rights, industry self-regulatory organizations, and international regulatory bodies.All these make it difficulty to give offshore finance enough supervision. How to prevent the risk and give reasonable surpervision to offshore finance are questions that has been the focus of academic discussion, also the meaning of my article topics.Based on the Introduction to the offshore financial markets, the thesis illustrates the risks inherent in offshore finance and uses it as a basis to strengthen financial supervision,inally the analysis of the offshore financial supervision under the premise of the status quo, put forward a sound strategy. This thesis is divided into four chapters:Chapter I overview offshore financial regulation. Firstly,descript the notion, characteristics,composition,history and trend of the offshore financial markets.secondly, analyze the main risk of the offshore financial market, by this the thesis discusses the need of supervision to offshore finance.Chapterâ…¡specificity and challenges of offshore financial supervision. descript the fact that offshore financial markets have several different regulatory supervision subiects, the challenges of offshore financial market include relaxed regulation, easy to the vulnerability and limitations of the existing rules.Chapterâ…¢introduces the mature experience of legal supervision in developed countries. The comparative study of offshore financial regulatory system of the developed countries lies on two aspects:regulatory mode and the specific system. In the regulatory mode, there are the virtual supervision of offshore financial markets and the model functional division of offshore financial markets. In the presence of specific regulatory systems there are market access, supervision, market regulation and market monitoring operations, this essays continues the theoretical research of these systems based on evidence.Chapterâ…£demonstrates the overview of offshore financial business development in China and regulatory. This article analyses the developing process of offshore financial business development which has divided into four stages, and analyses the existing problems of regulation laws in modern times, such as regulatory uncertainty, the main responsibility uncertainty, specific system missing, etc. Then based on the development of offshore financial markets in China, it shows the necessity and feasibility of its own conditions and the external environment on the compared research study.Chapterâ…¤set up recommendations for offshore financial market in China's legal system. This paper puts forward in the development model based on government policy-driven. In the specific subject of responsibility, details of the monitoring system and a complete set of three Chinese offshore financial system's recommendation that the improved market access, supervision, market regulation and market out of business regulation. Finally, since the international offshore finance, it is impossible to effectively monitor the completion of one country alone. It discusses with other national regulatory authorities and international regulatory agencies for specific systems.