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For years, China’s best technology companies have opted for public listings abroad. Alibaba, Baidu and Tencent are among firms lured by the prestige and capital from marquee international offerings, delivering lucrative returns to foreign investors instead of back to the homeland market.

Now, Beijing is going all out to change that. Authorities are musing fresh policies to engineer a tech homecoming. The move is as much about sharing gains from their rapid growth as increasing control over its tech sector, analysts said .

Using the ongoing national parliamentary meetings as the backdrop, Beijing has been vocal about its plan. In his government work report delivered on March 5, Chinese Premier Li Keqiang said the country will “support leading innovative companies in going public.” Just a few days later, the Shanghai Stock Exchange issued a website notice, saying that authorities have visited promising tech startups one by one and pitched them options for China-based listings. And the China Securities Regulatory Commission(CSRC) has formed a special committee to facilitate fast-tracked domestic IPOs for unicorn startups, which are private companies with a valuation of at least $1 billion. According to consultancy CB Insights, China was home to 55 such startups as of last year, second only to the 106 from the U.S.

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Multiple changes are being considered in the effort to boost homegrown IPOs. Chief among them is revising Chinese law to allow the dual-class share structure, a complex arrangement that gives more voting rights to company executives and is widely used by tech firms including Facebook, Google-parent Alphabet and China’s Alibaba, according to Oliver Rui, a professor of finance at the China Europe International Business School in Shanghai. Authorities are also mulling creating a new class of security called China Depositary Receipts (CDR), which is similar to American Depositary Receipts(ADR) in that it packages overseas equities to sell back home. This will allow U.S.-listed Chinese tech companies to trade their shares in mainland bourses, providing local investors a way to profit from their growth.

Over the past year, shares of New York-listed e-commerce giant Alibaba have climbed almost 90%, giving the company a market capitalization of $495 billion–a gain that China has largely missed out on due to stringent capital control measures that make it difficult for locals to invest in overseas securities.

“China is much more determined this time to have its tech companies back,” Rui said. “They all make money from home markets but deliver dividends to overseas investors. This is just unreasonable.”

Several tech firms have declared support for Beijing’s plan. Baidu, Tencent, gaming company NetEase as well as New York-listed local service provider 58.com are among a host of firms expressing interest in a secondary listing at home. Alibaba is also reportedly evaluating ways to have its shares traded in the mainland, according to the Wall Street Journal. A company spokesperson said in an e-mailed statement: “Since our IPO in the U.S., we have stated that if regulations allow, we would consider a listing in China.”

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