Legal Regulatory Regime Offshore Finance

Offshore finance as a product of financial liberalization, low cost, high liquidity and strong competitive characteristics lead to each country’s attention.In order to promote the economic development of the country, the countries have established offshore financial markets. Growing economic strength also calls for the establishment the offshore financial markets of our countries’in the objective from the twenty-first century. In order to enhance the development of our economy and our country in the international financial market influence. China (Shanghai) Free Trade Zone had emerged, committed to the development of China’s offshore financial markets. But lax regulation of offshore financial characteristics and other characteristics increase the possibility of financial risks. For China’s economic development is a destabilizing factor. This determines the need to take certain measures against offshore financial regulation. The legal means are the most regulation and definition means compared to the administrative and economic means. Diversity regulatory body of offshore financial, the traditional legal rules apply to offshore financial, financial innovation challenge the legal regulation. All of the legal regulation of offshore financial caused a great deal of distress. These problems not only exist on the legal regulation of foreign offshore, but also present on the construction of China’s offshore financial law. This needs to learn from foreign experience in legal and regulatory, and according to the status of our countries’legal regulation. From a regulatory body, the access conditions, mode selection and exit the system to improve relevant laws and regulations of our countries’. Simultaneously, Strengthen regulatory cooperation between national regulators and international organizations, providing legal advice for the construction of offshore financial centers.