After staying in China for eight years, Mark Levine may find his luck has improved when applying for a Chinese green card, as the country is considering lowering the application and approval threshold.

Authorities have drafted regulations on permanent residence for foreigners and will consider more flexible and pragmatic application standards, the Organizational Department of the Central Committee of the Communist Party of China said on Monday.

Launched in 2004, China's green card policy provides permanent residency for high-end foreign experts, people with large investments or outstanding contributions to the country.