破除我国开展离岸金融活动的五个疑虑

Core Viewpoint - The global monetary system is undergoing reconstruction, deeply intertwined with the "Belt and Road" initiative and offshore economic development, making offshore finance a crucial aspect for China to transition from a financial power to a financial stronghold [1] Institutional Innovation - The anxiety surrounding offshore finance regulation stems from a misunderstanding of the balance between openness and security, necessitating a transparent and efficient regulatory framework [3] - Current foreign financial institution approval processes in China take an average of 187 days, significantly longer than international standards, highlighting the need for a streamlined "commitment system + full-process supervision" [3] - Proposed tax policies include a 5% capital gains tax and zero value-added tax for certain offshore trade, aiming to balance tax neutrality and anti-avoidance measures [4] - A legal framework that allows for the selection of international commercial law in specific zones is suggested to enhance international recognition and arbitration efficiency [5] - Establishing a regulatory coordination mechanism among key financial authorities is essential to improve policy consistency and reduce regulatory fragmentation [6] Ecological Anchoring - The disconnect between offshore finance and the real economy has led to perceptions of capital flight; thus, aligning offshore financial activities with the "Belt and Road" initiative is crucial [8] - Traditional offshore bond issuance should be closely tied to projects in "Belt and Road" countries, with specific targets for offshore RMB bond issuance [8] - Innovative business models, such as offshore RMB stablecoins, should be trialed to support supply chain financing related to the "Belt and Road" initiative [9] - A new offshore account system is proposed to streamline operations and reduce costs for enterprises, while also encouraging international investment in manufacturing related to the "Belt and Road" [10] Collaborative Buffering - Concerns about offshore finance impacting onshore markets stem from misconceptions about their relationship; a collaborative network involving Shanghai, Hong Kong, and global nodes is proposed [12] - The establishment of a "Shanghai-Hong Kong offshore express" is suggested to facilitate smoother capital flows and tax incentives for offshore investments [13] Defensive Framework - The perceived risk of offshore finance spilling over into the domestic market highlights the need for a robust defense mechanism combining technology and regulation [16] - A dual isolation and dynamic balance system for accounts is proposed to ensure clear separation between offshore and onshore funds [16] - Upgrading monitoring capabilities through a cross-border capital flow monitoring center is essential for timely risk response [17] Sustainable Ecology - The sustainability of offshore finance in China is questioned due to a lack of supportive infrastructure and talent; a comprehensive support system is needed [20] - Initiatives to attract and cultivate talent in offshore finance are critical, including competitive compensation and educational programs [21] - Upgrading physical and digital infrastructure to support offshore financial activities is necessary for enhancing service capabilities [22] - Establishing a national offshore financial development committee to oversee strategic development and regulatory frameworks is recommended [23] Future Outlook - By 2030, China's offshore finance market is expected to exceed $10 trillion, with Shanghai emerging as a top global financial center and offshore RMB becoming a major international payment currency [24]