Companies urged to up their risk-management overseas

The China Council for the Promotion of International Trade has called for domestic companies to enhance their legal knowledge and mitigate risks, when heading overseas.

The intensified push comes as many Chinese firms begin to deploy more resources and manpower globally, whether it is by looking to tap growth in emerging markets, by diversifying their global supply chains to add value, or by investing in economies related to the Belt and Road Initiative.

Zhu Hongren, vice-chairman of CCPIT's national committee for compliance management said that while strengthening supply systems and encouraging technological and managerial innovation, enterprises should also learn from international standards of compliance guidelines and put them into the field practice to improve their core competitiveness.