【Abstract】The pilot free trade zone establishes a "negative list" administrative model, aiming to provide pre-establishment national treatment and a negative list for China-US BIT negotiation on a trial basis. There are still several differences between Pilot Free Trade Zone negative list and China- US BIT negotiation negative list and its model text. This paper suggests that the modification of Pilot Free Trade Zone negative list should focus on reducing foreign investment restrictions, expanding the framework of the negative list, improving the elements of the negative list and enhancing the transparency of adoption of negative list.

【Keywords】 BIT; negative list; foreign investment administration;

【DOI】

【Funds】 Institute of National Reform and Development of Shanghai University of International Business and Economics and National Natural Science Foundation Project "Influence of policy intervention on export sophistication of different organizational models in China" (71373156) Key project of Shanghai Government Consultation Research "Research on Transparency of China-US BIT Negative List Model Text and China (Shanghai) Free Trade Zone Negative List" (2015-A-53-B).