Study On The Legal System Of Offshore Financial Supervision Subjects In Hainan Free Trade Zone(Port)

In the wave of financial liberalization and globalization,countries all over the world have established offshore financial markets to promote their own economic development.After China entered the 21st centu,y,the increasing economic strength objectively requires China to establish an offshore financial market in order to develop China's economy and enhance China's influence in the international financial market.On April 13,2018,General Secretary Xi Jinping pointed out in his important speech at the 30th anniversary of the establishment of the provincial econolic zone in Hainan,supporting Hainan's construction of a free trade zone(port),supporting the exploration and construction of a free trade port.Offshore finance is obviously an important part of the construction of the free trade zone(port).However,the loose regulatory characteristics and diversified characteristics of offshore finance make the possibility of financial risks increase,which is an unstable factor for the economic development of Hainan Province.This paper consists of four parts.By analyzing the current status of the supervision and supervision of offshore financial centers in Hainan Province,based on the experience of foreign advanced and mature offshore financial market supervision.Combined with the characteristics of Hainan Province,it puts forward the suggestions for the improvement of offshore financial supervision subjects in Hainan Province.The first part analyzes the difference between the offshore financial market and the onshore financial market,and analyzes the particularity of the offshore financial market and the requirements for the regulatory body of the offshore financial market.The second part mainly introduces the three developlent modes adopted by the world's mature offshore financial centers,namely "inside and outside integration","inside and outside separationl and "virtual business type".By introducing these three development models,the status quo of the regulatory bodies in their representative regions is analyzed.The third part mainly introduces the overall situation and existing problems of offshore financial supervision of Hainan free trade zone(port).The main existing problems include the development model of offshore finance in Hainan free trade zone(port),which has not yet been clarified,resulting in macro and micro prudential supervision of offshore financial markets,imperfect coordination mechanisms,and insufficient international regulatory cooperation.The fourth part puts forward some suggestions for the offshore financial supervision of Hainan free trade zone(port).There are four main aspects:first,to clarify the main body of macro supervision;second,to establish the main body of micro-regulation;third,to improve the regulatory body in the free trade zone(port)Coordination mechanism;Fourth,strengthen the supervision of international cooperation in financial institutions.Finally,the stable and prosperous development of the offshore financial market in Hainan Province will be realized,and the pace of construction of the free trade zone(port)will be accelerated.