China announced on Monday a list of 15 measures aimed at stabilizing and optimizing foreign investment in the country, according to a joint statement by the Ministry of Commerce, the National Development and Reform Commission and the Ministry of Finance.

The measures are divided into five categories: China will seek to broaden market access for foreign firms, ease administrative processes for foreign investments, further promote investment, strengthen support systems for foreign companies interested in investing in China and optimize foreign investment management.

The government's action plan prioritizes expanding market access in services, finance and pharmaceuticals, among other sectors, while streamlining processes for cross-border mergers and acquisitions, data flows, and domestic reinvestment by foreign firms.

It also outlines concrete measures to promote the "Invest China" initiative and fully ensure national treatment for foreign-funded enterprises.

(With input from Xinhua)