China will further expand opening up of its A-share market by allowing more foreigners to set up A-share trading accounts, according to the China Securities Regulatory Commission (CSRC), Xinhua reported on Wednesday.

The changes will take effect from September 15. Specifically, foreigners working in China who come from countries which have established supervisory cooperation mechanisms for security regulators with the CSRC are eligible to open an A-share trading account.

Meanwhile, the range of foreigners entitled to enjoy equity incentives is set to expand from foreign staff working in China to all foreign employees in A-share listed companies, according to the CSRC.

Besides the application form, interested foreigners should submit passport photocopies along with their passports, employment certificates issued by domestic companies and a copy of the business license or unified social credit code certificate of the company, according to an announcement released by the China Securities Depository and Clearing (CSDC).

By the end of July 2018, about 125,000 residents from Hong Kong, Macao and Taiwan had opened A-share trading accounts after they were encouraged to do so in April 2013, said an official with CSDC.

He said allowing more eligible foreigners to launch A-share accounts marks an important step in deepening financial reform and expanding opening up, adding that this move will further support and promote opening up of the domestic capital market and optimize internal investment structures.