Improving human capital is the key in endogenous economic growth, and the policy focus of China'ssupply-side structural reform. This paper investigates the impacts of human capital on FDI based on China'sprovincial panel data from 1998 to 2016. It constructs a indicator system to measuring regional human capitallevel from five dimensions, including the average human capital level, the high quality human capital level,the utilization of human capital in science and technology industries, the future human capital level, and thegovernment investment in human capital. Based on this, the empirical study discovers that all five human capitalindicators significantly promote FDI inflows, and this effect is exaggerating along the time. Meanwhile, thetransportation infrastructure and geographic advantage also play a positive role in attracting FDI. Therefore, thisstudy sheds light on promoting China's new open development through human capital accumulation.