Analysis And Development Strategy Study Of Offshore Financial Business In Bank Of Communications

Offshore financial background is:after the Second World War, the United States of America become rich and is eager to seek investment opportunities, Middle Eastern producers have a lot of idle " oil dollars"; in the reconstruction of post-war Europe, the two form borrower and lender, so, the dollar funds in Europe called "European dollar" the formation of the trading market, known as the "European dollar market", also known as the offshore financial market. The market breaks the currency of the country in which the geographical and administrative regulations administrative boundaries, not by its legal jurisdiction in overseas, and, is the international domestic financial, a breakthrough is the legal supervision and innovation, so that offshore finance on the "internationalization", "innovation" and "liberalization". Offshore financial and therefore more and more attention by regulators.In view of the offshore financial help for the economic construction financing, China has attempted to develop China’s offshore financial market in the 1990’s, but due to lack of experience, risk increase it had to be closed inl999. In 2001 the accession to the WTO, China’s acceptance of the organization about to open financial market, and to increase the investment and trade facilitation, the people’s Bank of China resumed a few Chinese funded commercial banks in 1999 was called the offshore business qualification in 2002 June, offshore business slow recovery and development, after 2007, financing and trade with demand in the domestic and foreign institutions to promote, few licensed banks started in offshore fields to develop the strength, the formation of the current OSA and NRA accounts, the offshore Renminbi and offshore foreign currency, Chinese funded banks and foreign banks multi-party competition pattern. Of course, the offshore finance in China is also faced with many development difficulties need to be solved gradually.For the Bank of communications, although the second batch of pilot banks, but the bank through the self-employed, and constantly open up, at present the development is good. In order to promote the bank of communications’offshore business development strategies for further development, the bank offshore finance, then to explore our offshore financial development road, promoting RMB internationalization of research and discussion, is a very meaningful.In this paper, the author has long been engaged in offshore business experie-nee and can learn the internal and intra industry offshore business data convenienc-e, related theories of offshore finance, introduces and analyzes the domestic and i-nternational traffic bank offshore finance development present situation, and theor-y with practice, and our country offshore financial development and construction of Shanghai free trade area reality, give advice and suggestions for the traffic ban-k offshore business development, has a strong practical significance.