CSRC to ease rules on foreign workers investing in A-shares
New regulations will allow some foreign workers in China to open accounts to trade in the domestic A-share market
The China Securities Regulatory Commission intends to further liberalize the restrictions on foreign investors investing in A-shares. Two types of foreigners are expected to be eligible to open stock trading accounts in China, The Paper reported.
According to the new amendments of the regulation, foreigners working in China, as well as foreign employees who work for A-share listed companies across the border and get equity incentives, will be allowed to apply for an account to trade in the domestic A-share market.
The new amendments will be seeking public comments for a month starting Sunday.
Previously, only three types of foreigners were recognized as A-share investors, including those who have obtained permanent residence ID cards in China.
Those who have set up a company listed domestically can open an account to hold shares of the company, as well as those who work for A-share listed firms inside China.