It is well known that the Chinese government has enacted a lot of preferential policies to attract overseas investment. Specifically, can foreign-owned companies or businesses list on a local stock exchange?

Despite the Chinese government's enthusiastic encouragement of overseas investment, presently, only local companies and qualified Foreign Invested Enterprises (FIEs) can be listed on the Shanghai Stock Exchange or Shenzhen Stock Exchange. To be a qualified public company, an FIE must first be converted into a joint stock limited company before it may apply for listing on the local stock exchange.