Regulator to allow foreign workers to trade A-shares
Foreigners must come from a country whose security regulators have established a supervisory mechanism with the CSRC
The China Securities Regulatory Commission has given the green light to foreigners who work in China to set up their own A-share trading accounts, The Paper reported.
Specifically, foreigners working in China and coming from countries whose securities regulators have established a supervisory cooperation mechanism with the CSRC, may apply to open an A-share trading account.
Other than the application form, foreigners who are interested should submit passport photocopies along with their passport, employment certificates issued by domestic companies and a copy of the business license or unified social credit code certificate of the company.
Meanwhile, foreign employees who work for Chinese companies across the border are now eligible to enjoy equity incentives. Previously, only those who work inside China were able to enjoy this incentive.
The changes will take effect from September 15.