Offshore financial market is also called the overseas financial markets, refers to a convertible as the medium of exchange, mainly for the residents to provide foreign currency lending, investment, trade settlement, and gold trading, insurance, securities trading and other derivatives trading and other financial services, and is not affected by market countries and currencies financial regulations of the international financial market.
Offshore financial markets are largely unregulated by the host country’s financial regulator, enjoy preferential tax treatment and free movement of funds in and out of the country.
Offshore financial market is a kind of intangible market. In a broad sense, it only exists in a certain city or region, and does not exist in a fixed trading place. It is formed by international transactions between local financial institutions and financial assets.
