A draft amendment to the Securities Law was submitted Saturday to a bimonthly session of the National People's Congress Standing Committee, the top legislature, for a third reading.
The State Council, China's cabinet, said Wednesday it was necessary to amend laws and supporting regulations and policies to ensure the implementation of the foreign investment law.
Also in a written interview with Xinhuanet, she said that GE has participated in the discussion surrounding the preparation and drafting of the new foreign investment law in recent years.
Inbound investment via mergers and acquisitions (M&A) in China is expected to reach 1.5 trillion U.S. dollars over the next 10 years, according to a recent report.
The national legislature on Friday passed the foreign investment law, a landmark legislation that will provide stronger protection and a better business environment for overseas investors.
China's newly passed foreign investment law will help level the playing field and be gladly welcomed by foreign investors, said a senior U.S. expert.
China has stepped up its protection of intellectual property (IP) rights over the past years, and the newly passed foreign investment law indicates that it is willing to keep up with the efforts, said a renowned economist.
The law will help create much better conditions for foreign investors and help them plan long-term returns on investments in China, Ohoven told Xinhua.China is making changes to strengthen foreign investment regulations, said Hans Hendrischke, a professor of Chinese business and management at the University of Sydney Business School.