Tag: Circular 7

SAFE Registration Procedures and Compliance Requirements in China

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By Xiaolei Gu

Apr. 9 – On February 15, 2012, the State Administration of Foreign Exchange (SAFE) issued the “Circular Regarding Issues Relating to Foreign Exchange Administration of Domestic Individuals’ Participation in Equity Incentive Plan of Overseas Listed Companies (huifa [2012] No.7)” (Circular 7) providing that foreigners working in China are subject to SAFE registration if they participate in any form of equity incentive plan with an overseas-listed company.

We provide a brief introduction of the revised SAFE registration procedures and compliance requirements below. Continue reading…