Foreigners working in China are now able to open their securities accounts in the country's A-share market, according to the latest revision released by the securities regulator on Wednesday.
Also, firms that are listed in the A-share market are now able to expand their equity incentive plans to all foreign staff, whereas before, they were only available for foreign nationals working in China, said a statement posted on the website of the China Securities Regulatory Commission (CSRC) on Wednesday.
The revised rules will take effect on September 15, when the China Securities Depository and Clearing Corp will roll out details for the practice of foreigners opening A-share accounts, the CSRC said.
"The revisions will play a significant role in China's further enrichment of investment sources, broadening of channels for capital to flow into the market, optimizing of the market structure as well as enhancing the market's openness and internationalization," the CSRC said in a statement on July 8 while seeking public opinion on the revision.
