Given the ongoing competition for talent in the People’s Republic of China (PRC), the ability to offer share‑based awards has become an important tool for employers seeking to attract and retain employees in the market.For non‑Chinese companies, the primary challenge is compliance with requirements imposed by the State Administration of Foreign Exchange (“SAFE”). While the registration process was historically burdensome and time‑consuming following its introduction in 2007, it has become more efficient over time. Many…