Research On The Legal Problems Of The Supervision Of Chinese Offshore Finance Market

Offshore finance is the product of financial globalization, liberalization and financial innovation. After decades of development, it gradually became an important component of international finance. The emergence of offshore finance, improved the efficiency of financial intermediation, taking the development of international finance to new heights.Offshore financial and economic development is related to the country’s international financial status. All countries attach great importance to it. Offshore financial development in China is in its infancy, but it greatly promotes the development of China’s economy. It shows that offshore finance is a high-efficiency, high-return financial instrument. However, because of its unique operating mechanism, it is very easy to flee from the supervision of the regulatory system, making great risks to financial markets, such as the lack of effective supervision and control, which can easily lead to or exacerbate an economic crisis. In the subprime mortgage crisis of 2008, offshore finance, with its own characteristics obviously magnified the impact of the financial disaster. In view of this, while we build up our off-shore financial markets, our nation should be sure to keep in mind to accord particular importance to offshore financial risk control, and an efficient regulatory system. However the current off-shore financial market supervisory system in our country has many loopholes.China began to build its off-shore financial market in the 1990s. As a developing country, development of offshore financial markets was inevitable, and has brought a lot of tremendous benefits to us. Offshore finance is the necessary path of internationalizing Renminbi and Chinese enterprises as an important guarantee for our internationalization. Off-shore financial market regulation is a very controversial issue. Study of the issue for proper understanding and application of offshore markets; as well as to set up their own offshore markets in China and the Elimination of ambiguity is important.This article starts by covering the legal regulation of offshore financial markets and off-shore financial market view, presenting a synopsis of offshore financial and regulatory legal systems. Next is an introduction of the offshore development history, potential risks, formed from the global understanding of the offshore. Then leads into the international realm where we analyze various nations and their organizations based upon different theories of legal regulation of off-shore financial markets,along with the creation of offshore financial institutions of the host country, home countries and applicable international bodies of off-shore financial market law. A comparative study of the methods used by the United States, the United Kingdom, Japan, and Singapore during their offshore development process; analysis of their offshore financial supervision modes and the specific implementation experience to the success of the monitoring system,for ameliorating China’s offshore financial administration as a fundamental principle. Related analysis of China’s off-shore financial market, explaining the current problems in enforcing the law of our country, and at the end of this paper, put forward off-shore financial market law improvement proposals.