The China Securities Regulatory Commission (CSRC) will issue a comprehensive set of regulations to govern the listing of foreign multinationals in China. The regulatory documents would supplement existing laws, said Wang Lin, deputy director-general of the CSRC's international co-operation department. They would deal with aspects of wholly foreign-owned companies and foreign joint ventures that were not covered by present laws, he said. Mr Wang said the rules would be issued when wholly owned multinationals sought listings on the mainland's stock markets. He gave no timetable. Several foreign-invested enterprises are due to issue A shares in China as part of a trial scheme conducted by the CSRC with the Ministry of Foreign Trade and Co-operation (Moftec). 'We hope that these experimental units will fit the following conditions: first, they are internationally well-known multinationals; for example, those in the Fortune 500,' Mr Wang said. Key targets are companies engaged in high technology or other industries China wants to develop. Companies of considerable size and with research and development headquarters or regional research and development headquarters based in China would be the commission's preference, he said. All candidates should be stock-holding companies incorporated in the mainland. Mr Wang did not unveil the number of wholly owned foreign stock companies that had applied for A-share listings. Last month, China Daily reported that Anglo-Dutch consumer products giant Unilever and 11 other firms had applied to the CSRC to float on the domestic markets. However, the report was denied by Mr Wang yesterday.