China is considering relaxing the rules that cap foreign ownership of domestic publicly traded firms, reported Bloomberg News, citing people familiar with the matter.
Authorities are mulling policy tweaks to boost overseas ownership of stocks listed in Shanghai, Shenzhen and Beijing as part of a push to open up the market and boost trading, the report said.
China currently caps total foreign ownership of locally listed firms at 30%, and subjects a single foreign shareholder to a 10% limit.
The deliberations on foreign ownership are still in an early stage and details, such as which sectors might benefit and where to set new cap limits, haven’t been decided, the report said.