In the era of globalization, the multinational corporations bring funds, technology and management knowledge to the developing countries by direct investment, and they also transfer the polluting industries, which has produced the environmental pollution problems. China is the developing country that has attracted the most foreign investment, so we have great supervisory responsibility on multinational corporations pollution transfer. Multinational corporations pollution transfer possesses the characteristics of being concealed, long-term and discriminatory. The theories of motivation of multinational corporations pollution transfer include pollution heaven hypothesis, environmental cost-shifting theory, market failure and government failure theory. The legal basis for the management of multinational corporations pollution transfer exists in not only the international law, but also the domestic law. There are many problems in Chinas governance of multinational corporations pollution transfer, not only insufficiently enforceable in international laws, but also deficient in the domestic legislations. In addition, the environmental protection of the foreign investment being approved is not strict, and the environmental information disclosure system is not perfect, etc. In view of the shortage of legal governance of the multinational corporations pollution transfer, China should promote international legislation, perfect domestic legislation, strengthen the enforcement of environmental protection and the approval of foreign investment, and perfect the environmental information disclosure system and environmental standard system.