Global EditionASIA 中文双语Français
Home / Business / Finance

China to support equity incentives for foreign workers | Updated: 2019-02-12 16:21
Regulators are accelerating the opening-up of China's capital market by further relaxing the limits on foreign investment in the A-share market. [Photo/IC]

China will support equity incentives for foreign employees at listed companies to steadily increase the openness of the domestic capital market, according to an announcement released by the State Administration of Foreign Exchange on Tuesday.

After obtaining a business registration certificate for the participation of equity incentives in China, domestic listed companies and their foreign employees can directly handle relevant cross-border income and expenditure, capital transfer, and exchange business at banks in China with the certificate, said the announcement.

The funds needed for foreign employees of domestic listed companies to participate in equity incentives may come from their legitimate income in China or funds remitted from abroad, the announcement added.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349