Chinese lawmakers updated a draft of the law regarding foreign investments, with revisions to ensure fair treatment for foreign and domestic investors.

The updated draft, reviewed by the Standing Committee of the National People's Congress (NPC) on Tuesday, stipulates that “foreign-funded companies have equal access to supportive business policies issued by the state,” removing a conditional phrase in the previous draft setting exceptions “otherwise provided by laws and administrative regulations.”

The new draft also emphasizes that both domestic and foreign investors will be treated equally when they invest in certain industries or regions that are subject to preferential policies.

The new draft also adds terms regarding antitrust reviews of mergers and acquisitions by foreign businesses, requiring foreign acquirers to undergo antitrust review under the law.

Lawmakers will collect public comments on the draft law until Feb. 24. Once adopted, the unified law will replace three existing laws on different types of foreign-funded companies in China, according to the official Xinhua News Agency.