The Foreign Investment Law of the People's Republic of China (PRC) was adopted at the second session of the 13th National People's Congress in March. When it takes effect on January 1，2020，it will replace three separate laws that regulate foreign companies，namely the Law of the PRC on Sino-Foreign Equity Joint Ventures，the Law of the PRC on Sino-Foreign Cooperative Joint Ventures，and the Law of the PRC on Wholly Foreign-Owned Enterprises.

Positioned as the foundational law in the field of foreign investment，the Foreign Investment Law is comprised of 41 articles in six chapters. It lays down some definitions and guiding principles vis-à-vis foreign investment，and sets out a list of policy measures for promoting，protecting and regulating foreign investment.

Here are some of the key aspects of the new Foreign Investment Law.

Foreign Investment Promotion