Under the FIL, the current regulatory regime governing foreign investment, many elements of which have been in place since the beginning of the opening up of the PRC economy to foreign investment, will be replaced by the regime outlined in the FIL. The FIL and its 170 articles seek to unify all of the disparate elements of the current system under one law. This article will highlight some of the main innovations in the FIL and its potential implications for foreign investors.