Ministry proposes lowering threshold for foreign investors in listed companies

The Ministry of Commerce proposed on Monday to lower the threshold for foreign investors to participate in strategic investment in listed companies in China.

In a draft of revised rules, the ministry suggested to review strategic foreign investment applications in the country's listed companies of national security concerns according to national security rules.

Foreign investors will not be allowed to transfer A-shares of listed companies for 12 months after obtaining them via strategic investment, according to the document. The period used to be three years.

The draft was published on the ministry's website to seek public comments. People can comment until August 29, 2018.