International Investment Arbitration Rules, drafted by professor Shan Wenhua's team, was officially released by the China International Economic and Trade Arbitration Commission (CIETAC) on sept 19, 2017. This is China's first and the third in the world arbitration rules special international investment. It has filled China's blank in this field, and will provide strong support for "The Belt and Road" and the construction of the right to speak on international investment governance as well as for Chinese enterprises to go out. More than 30 media, including China Central Television, Xinhua News, China News Service, China Daily attended the press conference and reported on it.

International Investment Arbitration Rules gives the main approach to resolve investment disputes between investors and host countries. Previously, China's arbitration institutions have not accepted the practice of international investment disputes, there is no international investment arbitration rules. In order to adapt to the implementation of "The Belt and Road" initiative, we support enterprises to go out and resolve the international investment disputes between investors and host governments independently and fairly. The decision of CIETAC is to formulate special international investment arbitration rules, and professor Shan Wenhua led the team to draft the rules. After intensive research, repeated discussion and argumentation, the group drafted the rule and submitted it to the CIETAC. The regulation was adopted not long ago based on the consultation with the National People's Congress, the Supreme People's Court, the Ministry of Commerce and ICSID.

It is said that the International Investment Arbitration Rules will come into force on Oct. 1th, 2017.