中国离岸金融指数企稳回升 业内专家建议构建现代化离岸金融生态体系

Core Insights - The report on China's offshore financial index indicates a slight increase of 0.31% in 2024 compared to 2023, reflecting the resilience of the offshore financial market and laying a solid foundation for building a financial powerhouse [1] - The offshore financial index has entered a new phase of stabilization and recovery, characterized by a "four increases and one decrease" trend, indicating structural optimization and profound changes in the sector [2] Group 1 - The offshore bond issuance scale grew by 3.04%, and offshore trade settlement volume increased by 1.28%, while cross-border RMB payment and receipt exceeded 35 trillion yuan, marking a 14% year-on-year growth [2] - The comprehensive tax rate in free trade zones has decreased to 8.63%, while the proportion of traditional offshore deposit and loan business is gradually shrinking [2] - The report highlights the transition from extensive growth to intensive development in China's offshore finance [2] Group 2 - Four structural obstacles are hindering the growth of offshore finance, including the rapid decline of traditional businesses, insufficient growth of new businesses, lack of deep integration with onshore markets, and inadequate foreign investment attraction [3] - Recommendations include building an offshore RMB asset pool, innovating offshore RMB products, and establishing efficient interconnectivity mechanisms between offshore and onshore markets [3] - The report emphasizes the need for institutional opening, collaboration between Shanghai and Hong Kong, and the internationalization of the RMB as key drivers for the future of offshore finance [3][4] Group 3 - The report serves as a strong signal for the market, showcasing the resilience and potential of China's offshore financial market amid deepening institutional opening and RMB internationalization [3][4] - Experts believe that synchronized efforts in institutional opening, Shanghai-Hong Kong collaboration, and RMB internationalization will inject strong momentum into China's offshore finance, enhancing its role in building a financial powerhouse and contributing to global financial governance [4]