This article LTG
Goldrock introduces the offshore financial market ~
Offshore Finance Market (Offshore
Finance
Market), also known as the overseas financial market, refers to the transaction medium with free exchange of currency, mainly providing non -residents with overseas currency lending, investment, trade settlement, foreign exchange trading, gold trading, insurance services, securities transactions, and other derivativesServices and international financial markets are not controlled by the country's country and the state of currency issuance of financial regulations.
At present, the main offshore financial markets in the world include London, the United States, Tokyo, Japan, Switzerland, Hong Kong, Singapore, Luxembourg, and South America, Europe, the Middle East and Asia Pacific island countries or regions, such as the Cayman Islands and Viking, Hundred Acts and so on.From the perspective of business scope, the main types are mixed, separated, tax avoidance or tax avoidance ports and leak -off and placed offshore financial markets.
Offshore Finance Market (Offshore
Financial
Markets) refers to the non -local residents, using banks as intermediaries, and outside of a certain state of currency issuance, and some people engaged in the currency trading market, and some people call it the European currency market.
The reason why it is called the European currency market is because it develops from the European US dollar market.The so -called European and US dollar market refers to the business of banks who absorb and loan USD funds outside the United States (originally in Europe), which actually includes three aspects.The first is the lending business of overseas currency, and the second is to issue various bonds expressed in overseas currency, and it is another exchange between various overseas currencies.
The offshore financial market, that is, the foreign exchange market.Its origin can
Back to the Cold War after World War II.After the outbreak of the Korean War, the United States frozen China's assets in the United States, so the Soviet Union and some Eastern European countries transferred their own US deposits to other European countries outside the United States.In London, UK, these US dollar deposits have provided conditions for commercial US dollar deposits and loans.The restrictions on capital flows in various countries are also an important reason for the development of offshore financial markets.
The offshore financial market is basically not controlled by the financial regulatory agencies of the country, and it can enjoy preferential treatment in taxation and free funds.The offshore financial market is an intangible market. From a broader point of view, it only exists in a certain city or area, and does not exist in a fixed trading venue.Essence
