Research On The Construction Of Binhai New Area Offshore Financial Market

Offshore financial market(OFM)was born in Europe in the end of 1950s, which was growing fast with frequent innovation of financial system, and booming after the freedom and globalization of finance spread all over the planet since 1980s. In Asia, OFM came to its climax as a lot of regional offshore financial centers were built in Singapore, Japan, HK, which becomes a great challenge for China's standing as one of the main countries in East Asia. Hence, how to establish an OFM on the mainland, to promote the globalization of our financial system, turns out to be the key problem in our reform in finance field.As the third pole of China's economic growth, Tianjin Binhai New Area has not only the huge advantage of preferential policies, but also great potential of market demands. In 2006 Sep., Binhai New Area was authorized to be the third experimental city of offshore finance, after Shenzhen and Shanghai. Accordingly, on one hand, to establish and develop an offshore finance market based in Binhai New Area is a strategic step of China's globalization of finance. On the other hand, the establishment and development of Binhai offshore finance market would greatly promote the globalization of finance of Binhai New Area. Furthermore, with the help of a new built offshore finance market, Tianjin would develop its economy much faster, so as to guide the broad hinterland areas in north China to develop their economy together. Consequently, it is of great significance to study and discuss how to establish and develop an OFM in Binhai New Area.Based on the points above, in the 1st chapter, the author deeply analyzes the main reasons why OFM was born and grew fast from the theoretical perspective, after concluding its brief history. Afterwards, the author concludes our experiences, both successful and unsuccessful, on developing offshore financial operations, and comes up for an all-around systematic discussion on the necessity and feasibility of building a new OFM in Binhai New Area with SWOT method in the 2nd chapter. And then, by reviewing international experiences in the 3rd chapter, the author explains why we have to build a policy-driven OFM. In the 4th chapter, the author studies every operational detail on the OFM's mode choice, specific address and business development. In thelast chapter, a few suggestions concerning the weakness and problems on building an OFM in Binhai New Area are raised.