I would like to ask a question about China's SAFE regulation.
I am currently employed with a Listed Company outside of China. And I am considering an offer to relocate to China, transferring the employment to the Domestic Company in China.
- The Domestic Company is a subsidiary of the Listed Company outside of China.
- I was granted restricted stock units (RSU) by the Listed Company and by now some RSU are partly vested already.
I know that China's SAFE regulation requires that all domestic employees' foreign exchange transactions related to the Listed Company stocks are to be centrally managed by the Domestic Company.
My question is, when I am relocated to China, will my prior vested shares become centrally managed by the Domestic Company as well, such that if I liquidate the shares, the proceed will now need to go through the Domestic Company?