Home | About Jinhua | Government | Business | Tourism | Living | Study | Survey
Latest news  
Home > Latest news
Foreign A-Share Accounts
Post Time: 27/09/2018

 

On August 15, 2018, the China Securities Regulatory Commission (CSRC) announced that it would further liberalize the right of qualified foreigners (natural persons) to open A-Share security accounts. This policy was officially implemented on September 15. Three days later, on September 18, the Industrial Securities received the first group of foreign customers who wished to open A-share security accounts.

“After I saw this news in the foreign businessmen’s exchange group, I immediately contacted the staff of the Industrial Securities,” said Guo Jifu, a businessman from Malaysia, who came to the Industrial Securities to open an A-share security account early on the morning of Sept. 18. Carrying the relevant documents with him, Ozcan, who hails from Turkey, also came to the Industrial Securities to open an account. He has been trading stocks in both Turkey and England’s markets for many years, and he holds a positive attitude towards China’s stock market: “This is a good opportunity to be able to participate in China’s capital market. I am full of confidence in China’s future development.”

According to a spokesman for Industrial Securities, there are two types of foreigners who can participate in A-Share transactions:

1. Foreigners who work in China, regardless of whether or not they hold a permanent residence permit in China;

2. Foreign employees of A-Share listed companies who work outside China and enjoy equity incentives.

Compared to domestic investors, foreign investors must go to the securities companies to open A-Share security accounts; all of their documents must be reviewed manually, and their identity information must be verified. In addition, before opening A-Share security accounts, foreign investors need to prepare three certificates—an employment certificate, a tax payment certificate, and their company’s business license—all of which must be stamped with the official seal of the company. (By Wang Ting—Yiwu Business—, translated by Shen Yingying, edited by Xiamara Hohman)

[Print] [Close][Top]
Copyright Jinhua Municipal People's Government
E-mail:jhwaiqiaoban@jhwq.gov.cn