Research On Legal System Of Financial Supervision In Hainan Free Trade Port

Since the establishment of Hainan Free Trade Port,great progress has been made in attracting foreign investment,optimizing the business environment,and institutional reform.However,there is still a huge gap in the design of specific systems for the standard free trade port in the international standard,especially in the field of financial supervision.After exploring the characteristics of the "outside the customs and within the boundary" in the free trade port and its unique offshore financial format at home and abroad,a financial supervision model different from the usual one has been derived.In order to ensure the orderly development of the Hainan Free Trade Port,adhere to the continuous promotion of financial innovation and financial opening up,it is imperative to establish a set of financial supervision system that adapts to the financial situation of the Free Trade Port.Therefore,it is necessary to clarify the financial risk characteristics of the free trade port,and on the basis of fully analyzing the situation in Hainan,learn from the concepts and practices of the domestic and foreign advanced free trade port(zone)financial supervision system to form a free trade port finance with Chinese Characteristics supervisory system recommendations.The first part focuses on the inherent characteristics of the free trade port and the necessity of financial risk supervision of the free trade port.Highly open is an inherent characteristic of a free trade port,and the development of offshore finance is what the free trade port should have.The development of offshore finance is the inherent meaning of free trade ports.Offshore finance has short-term capital liquidity risks,interest rate and exchange rate risks,financial institution credit risks,The development of offshore finance in Hainan free trade port requires special risks such as the risk of offshore financial crimes,and the establishment of a sound offshore financial supervision mechanism must be taken as the focus of financial supervision in Hainan free trade port.The second part examines the progress of Hainan free trade port construction and discusses the challenges faced by the reform of the financial regulatory system of Hainan free trade port: Hainan’s financial industry started late,has a small volume,and has once caused an economic bubble to burst due to poor financial supervision;Hainan Finance The industry has a weak foundation for opening up to the outside world and lacks offshore financial supervision experience;restrictions on financial supervision matters;and the reform of the financial supervision system is relatively lagging behind.The third part mainly investigates the financial supervision system outside the territory and other free trade ports(zone)in China.Analyze and summarize from the levels ofregulatory agencies,regulatory models,and regulatory methods.Therefore,the main points of the financial supervision system of the advanced free trade port are summarized for the financial supervision construction of Hainan Free Trade Port: the improvement of the financial supervision legal system;the adjustment of the financial supervision system according to local conditions;the proper handling of the relationship between financial opening and innovation and financial supervision;and the scientific and technological means of financial supervision;financial supervision methods are scientific standardization;focus on cooperation in financial supervision.The fourth part gives some suggestions to improve the financial supervision system of Hainan Free Trade Port.Specifically include: exploring the establishment of an offshore financial supervision system in a free trade port;choosing a suitable financial supervision model;adopting a sandbox model to encourage financial innovation;using supervision technology to enrich supervision methods;and strengthening financial supervision cooperation.