Developing offshore trade is of great significance for promoting high-quality development of China's foreign trade.Since offshore trade is an important component of trade in service,it is one of the core tasks of China(Shanghai)Pilot Free Trade Zone to actively promote its development in build-ing a national demonstration zone for institutional opening-up.This paper summarizes the experience of developing offshore trade in representative international trade centers such as Hong Kong,Singapore,and Dubai,discovering that institutional innovation mainly focuses on:implementing preferential tax rates,a free foreign exchange system and financial environment,loose compliance controls,and pro-moting the level of trade facilitation through flexible customs control measures.In response to the bottle-necks faced by the development of offshore trade in the China(Shanghai)Pilot Free Trade Zone,we need to loosen foreign exchange control restrictions,introduce tax policies with international competi-tiveness,create a favorable financial environment through financial system innovation,strengthen in-tensive and effective control,and improve the business environment.