(ECNS) - The China Securities Regulatory Commission (CSRC) has decided to modify two regulations to further ease restrictions on the establishment of securities accounts by foreigners in China’s yuan-denominated stocks, or A-shares.
The amendment to Measures for the Administration of Securities Registration and Clearing says “foreigners who meet requirements” can now become investors and need to open accounts with securities registration institutes and acquire approval from the CSRC.
According to an amendment to Measures for the Administration of Equity Incentives of Listed Companies, all foreign staff members of domestic-listed companies are eligible to become incentive grantees, while in the past only those working in China were eligible.
Ma Tao, an analyst with the Bank of Communications Schroder Fund Management, said the new rules promote the internationalization of the A-shares market and also help foreign professionals to work, start businesses and participate in the Chinese economy.
The policy changes can effectively help address issues with an employee’s nationality affecting whether or not incentives can be granted, said Ma.
The new measures will become effective on September 15.
