On March 25, it’s voted to pass the "Foreign Investment Law of the People's Republic of China" at the 2nd Session of the 13th National People's Congress of the P. R. China, and Chinese President Xi Jinping signed the Decree No. 26 to announce it.
This is China's first consolidated law specific to the field of foreign investment.
The five highlights of the Foreign Investment Law:
1. Foreign investment is subject to pre-establishment national treatment plus negative list system;
2. Ensuring both domestic and foreign investment are in line;
3. Protection of IP rights;
4. Establishment and improvement of foreign investment service system;
5. Establishment of foreign investment information reporting system.
The Foreign Investment Law will come into force on January 1, 2020. (Source: Xinhua News Agency)