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Research on Regulatory Innovation and Legal Risk Prevention and Control Mechanism of Cross-border Service Trade in Hainan Free Trade Port

Author(s)

Xiao Shurui1,*, Mo Haipeng1, Xu Baiqing2

Affiliation(s)

1Hainan Vocational University of Science and Technology, Hainan Guangzhe Law Firm, Hainan, China 2Hainan Rural Commercial Bank, Hainan, China *Corresponding Author

Abstract

The article aims at the cross-border service trade of Hainan Free Trade Port, and explores its regulatory innovation and legal risk prevention and control mechanism. With the promotion of global economic integration, Hainan Free Trade Port actively explores cross-border service trade with the aim of enhancing trade competitiveness. By combing the current situation of relevant policies, supervision mode and financial supervision innovation, this paper analyzes the types and causes of legal risks, including compliance, intellectual property rights, data security and other risks, and analyzes the reasons from the aspects of differences in laws and regulations, mismatch between innovation and legal perfection. On this basis, it is proposed to build a legal risk prevention and control mechanism, including perfecting the legal system, strengthening the coordination of supervision and prevention and control, and integrating diversified prevention and control means. Hainan Free Trade Port cross-border service trade regulatory innovations are effective, while the pre-research and control of legal risks should be strengthened. It will make efforts to ensure cross-border service trade is healthy and orderly while speeding up the infrastructure construction in Hainan Free Trade Port through a scientific prevention and control mechanism.

Keywords

Hainan Free Trade Port; Cross-Border Service Trade; Regulatory Innovation; Prevention and Control of Legal Risks; Synergistic Mechanism

References

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