The management of foreign investment will become more flexible under the new investment law, and the final version of the law will focus on equal treatment of foreign and domestic investments to eliminate terms such as "foreign-invested enterprises", experts said.

The existing requirement to examine and approve each and every case of overseas investment will be eliminated under the law, which is now in draft form.

Management of foreign investment will be conducted under the principle of pre-establishment national treatment and a "negative list" will also be adopted.