Yes, but it must meet the conditions of a joint stock limited company. According to the provisions of the Company Law, the Securities Law and the normative documents issued by China, the establishment of a joint stock limited company should meet the following conditions: 1. There should be more than 2 and less than 200 promoters, of which more than half must have a domicile in China; 2. The share capital subscribed and raised by the promoters reaches the minimum legal registered capital of 5 million yuan; 3. The issuance and preparation of shares comply with the law; 4. The promoters shall formulate the articles of association, which shall be adopted by the founding meeting if the company is established by means of public offering; 5. Having a company name that meets the requirements of the Company Law, and establishing an organizational structure that meets the requirements of a joint stock limited company; 6. The company has legal domicile.
Legal basis
Article 76 of the Company Law [Conditions for the establishment of a joint stock limited company] To establish a joint stock limited company, the following conditions shall be met:
（1） The promoters meet the quorum;
（2） The total amount of share capital subscribed by all the promoters or the total amount of paid in share capital raised in accordance with the provisions of the Articles of Association;
（3） The issuance and preparation of shares comply with the law;
（4） The promoters shall formulate the articles of association, which shall be adopted by the founding meeting if the company is established by means of public offering;
（5） Having a company name and establishing an organization meeting the requirements of a joint stock limited company;
（6） The company has its domicile.
