Firms urged to list overseas

China will support qualified techno-logy companies in listing in overseas stock markets, according to a statement posted on the central bank's website on Wednesday.

The statement, jointly released by six government agencies including the People's Bank of China and the Ministry of Science and Technology, also -encourages tech firms to finance from the domestic bond market.

Social capital should also play an increasing role in setting up venture capital funds to support the development of tech firms, the statement said.