In September 2016, the Standing Committee of the National People’s Congress unveiled a landmark nationwide new scheme for the administration of foreign investments based on “national treatment” subject to “negative list”. Implemented for one year, the new system has significantly simplified and streamlined administrative procedures for foreign investments, though there remain certain matters carried over from the previous system that will need to be further spelt out or otherwise improved. In this note, we have briefly summarized this new foreign investment administration scheme and shared some thoughts on a few relevant matters arose in practice under the new system. (Full text in Chinese only)