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Premier Li: China to prepare rules in line with foreign investment law

Updated: Mar 15,2019 2:05 PM     Xinhua

Premier Li Keqiang meets the press after the conclusion of the second session of the 13th National People’s Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 15, 2019. [Photo/Xinhua]

BEIJING — China will introduce a series of regulations and documents in accordance with the foreign investment law to protect the legitimate rights and interests of foreign investors, Premier Li Keqiang said on March 15.

This is an important thing China is to do in the next step to ensure that the law is implemented smoothly, Premier Li said at a press conference after the conclusion of the annual session of China’s national legislature.

Premier Li underscored efforts to make the complaint mechanism open, transparent and effective.

China’s national legislature on March 15 passed the foreign investment law at the closing meeting of its annual session. The law will become effective on Jan 1, 2020.

The law will offer better legal support to the protection and attraction of foreign investment, as well as regulate government behaviors, Premier Li said.

The foreign investment law can also serve as a reference for investors from the two special administrative regions of Hong Kong and Macao as well as Taiwan, Premier Li said.

The mainland welcomes more investment from the three regions, he said, adding that the State Council will listen closely to the views of the investors from these regions when making related regulations and policies so as to better protect their rights.