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China will research into policies that will allow domestic listing of overseas firms, in efforts to secure stable foreign direct investment, Jian Chen, Vice Minister of Commerce, said on Thursday.
Chen made the statement at a press conference of the 13th China International Fair for Investment and Trade held in Beijing. He also noted that annual declines in exports and imports began to improve in June.
China has talked for at least a decade about allowing foreign firms to list shares domestically, but has made little progress on the initiative over the years.
"We will continue to work with other departments on policies regarding domestic IPOs of foreign firms to actively guide high-quality foreign firms to make IPOs in China," Chen told the reporters.
Chen said Beijing was also looking at ways to encourage inflows of foreign direct investment.
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