Recently, it has been reported that the NDRC is revising the "Overseas Investment Projects Verification and Registration Rules" with the aim to decentralize the authority of overseas investment approval to a great extent as well as establish overseas investment management system that emphasized on registration and recording system. ANBOUND research team believes that after the reform, most of the projects can adopt registration and recording system instead of approval system and save a lot of hassle. ANBOUND think tank scholars pointed out that the government should continue to strengthen the implementation after reform because reform is only a starting point. There are still many issues that need to be addressed.