Business
09:48, 09-Jul-2018
China to allow foreigners to open A-shares securities accounts
Updated
08:52, 12-Jul-2018
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China’s securities regulator on Sunday issued a guideline to ease restrictions on foreign retail investors investing in A-shares, a move to further open up the financial sector.
The regulator said it will allow two types of foreigners to open stock trading accounts: Foreign nationals working in China and foreigners working overseas for A-shares listed companies.
The guideline sought public opinions on this new regulation for a month starting Sunday.
Previously, foreigners who wanted to invest in A-shares market had to meet one of the following conditions: obtaining permanent residence ID cards in China, setting up a company listed domestically, and working for listed firms in China.