BEIJING, March 8 (Xinhua) -- A draft foreign investment law pending a third reading is designed to promote and protect foreign investment, says an explanatory document on the draft available to news media Friday.

The law shows China's will and determination to follow through with reform and opening up in a new historical context, and links Chinese circumstances with international rules, says the document.

Post-establishment national treatment shall be afforded to all foreign investment, and the management and oversight of domestic and foreign capital shall apply the same legal system and rules, according to the document.