Research On Legal Supervision Of Offshore Currency Financial Market

Since the first offshore financial market coming out, which experienced from naive to mature, the simple to the complex, offshore financial market plays a pivotal effect in the international financial markets by the virtue of its feature.The establishment of offshore financial market is conducive to the market of the country using foreign capital actively its economic prosperity, also to enhance their financial competitiveness. But on the other hand, the Southeastern Asian financial crisis occurred in the late20th century, made the countries rethink and increase supervision. Among them, the way of legal regulation has been widely concerned. The legal regulation of the scale is based on the offshore financial market regulatory model, which including access regulation, supervision regulation and risk regulation. Due to limited space, this essay will focus on the legal supervision of offshore currency financial market, because withour the currency financial business can not be called offshore financial market, and China will mainly develop offshore currency financial business in recent years by the author.In access control aspect, mainly focuses on the restrictions on licensing, subject scope, the form.In business management, supervision is from capital, business scope, transaction to transaction object. In the risk part, in accordance with the relevant requirements of the Basel protocol, is including the market,credit, operational and other risks supervision.The legal supervision of offshore currency financial market should pay attention to the balance between development and risk. In my eye, in the early development of offshore financial market,China should take inside and outside separation of market supervision model. After the market matures, then consider penetration possibility. Meanwhile, based on the analysis of other countries in the world, we should porbe offshore currency financial market supervision and legal supervision principles,which can be apply to China, and put forward my proposals on regulatory structure and function improvement. Moreover, the author envisaged the prospect of offshore currency financial business in Shanghai, China. Additionally, the author point out the risk of various business and surrender the suggestion of risk management.