Premier Wen Jiabao said Monday that restrictions on individuals investing overseas will be relaxed this year.

Delivering the government work report at the fifth session of the 11th National People's Congress which started on Monday in Beijing, Wen said China will implement the "go global" strategy this year.

"With China's outward investment in an important stage of accelerating development, we will enhance macro-guidance, increase policy support, streamline approval procedures, and improve services for Chinese investors," Wen said.

According to Wen, China will guide its enterprises under various forms of ownership in making overseas investments, mergers and acquisitions in energy, raw materials, agriculture, manufacturing, service industries, and infrastructure in an orderly manner.

China will also explore new models for overseas economic and trade cooperation zones, and support companies making overseas investments in coordinating their growth and forming clusters. Wen stressed that restrictions on individuals investing overseas will be relaxed.

Wen also said China will strengthen risk management of overseas investments and protect the safety of employees and assets of Chinese enterprises operating overseas.