Study On Legal Problems Of The Offshore Financial Market

Offshore financial market is a historic innovation of international financial marketinternationalization, which brings many countries a lot of benefits and interests in theworld. With the rapid development of many offshore financial markets, the financialmarket throughout the world were linked together and a unified international financialmarket appeared . In this sense, we can say that the offshore financial market is a realinternational financial market. Now the offshore financial market has developed to be anew characteristic of the counties' competition. So, it's very important for China tobuild our own offshore financial market at the good chance. This critical step will makeChina more open to the outside world and make Chinese financial market moreinternationalized. At the same time, we also can't neglect its negative factors. The tenorof this thesis is to summarize the advance experience of other countries and make ananalysis, further more, to forward the views and suggestions of the author's own. Thearticle, first of all, introduces the general problems of the offshore finance, including thedefinitions and the offshore finance's reason of generation and development in thefuture. Secondly, the article deliberates on the essential legal problems of the offshorefinance and focus the emphasis on the supervision. One of shortcoming of offshorefinance is its tendency of money laundering. Aiming for this, the author gives someadvice. At last, the author expounds the problems lie in the offshore finance market ofour country and, at the same time, suggest that we should build our own offshorefinance market with the center of Shanghai.