China preparing relevant rules for foreign investment law

BEIJING — Ministry of Commerce (MOF) said it is working with other authorities in preparing relevant rules to ensure the successful implementation of the foreign investment law on March 21.

It is also reviewing and reorganizing current regulations on foreign investment management, MOF spokesperson Gao Feng told a news conference.

The ministry will listen attentively to comments and suggestions from foreign-invested enterprises and other relevant parties during the rule-making process, he said.

China's national legislature passed the foreign investment law at the closing meeting of its annual session on March 15.

The law, a landmark legislation that will provide stronger protection and a better business environment for overseas investors, will become effective on Jan 1, 2020.