Red chip Legend Holdings hopes to issue China depositary receipts (CDRs) to list on the mainland's A-share market.
But chairman Liu Chuanzhi told Reuters there were legal constraints and the final decision rested with the China Securities Regulatory Commission.
Legend, China's dominant personal computer manufacturer, is the second red chip to announce the intention of tapping into the A-share market through the issue of CDRs.
Last week, China Mobile said it was seeking permission to raise funds on the domestic market by issuing CDRs, making it the first red chip to propose this avenue of funding.
CDRs, similar to American Depositary Receipts, are shares of overseas listed companies which are to be listed in China's stock markets, allowing domestic investors to trade foreign-listed companies.
Under China's securities rules, red chips - Hong Kong-based and listed companies controlled by mainland parents - are banned from tapping the domestic market because foreign registered companies are not allowed to issue A shares.