On March 22, 2024, "Monthly Talk Compliance" first session on overseas investment and operations for private enterprises was successfully held via online livestream. The event was hosted by the International Cooperation Department of All-China Federation of Industry and Commerce (ACFIC), while organized by CICCPS.

The session was hosted by relevant official staff from ACFIC's International Cooperation Department and attended by Li Bingshu. Guo Lingchen the expert from China Council for the Promotion of International Trade (CCPIT) Enterprise Compliance Committee delivered a detailed presentation titled "Compliance Risk Identification and Control for Overseas Private Enterprises," which covered the content, identification, assessment, and mitigation measures of compliance risks faced by private enterprises operating abroad.

Li Bingshu introduced CICCPS's basic profile and emphasized that private enterprises were the main force in deepening the Belt and Road Initiative, and strengthening their overseas compliance frameworks is an effective measure to address the risks and challenges of 'going global'. As a nongovernmental organization serving private enterprises in international economic cooperation, CICCPS consistently prioritized advancing compliance development. It actively guided enterprises to adhere to market principles and international norms, familiarized and complied with host country laws and regulations, thereby supporting their healthy and high-quality development through lawful and compliant operations. He stated that the next step involves CICCPS continuing to leverage the professional expertise of its member units to provide more compliance training, solutions, and guidance, effectively enhancing enterprises' compliance capabilities.

Guo Lingchen elaborated on the sources and management of compliance obligations for enterprises operating overseas. She emphasized that corporate compliance risk management is a dynamic process that should adapt to different stages of a company's development. Enterprises need to identify their applicable compliance obligations, such as including international and domestic laws, industry regulations, standards, and regulatory policies by understanding external stakeholders and mastering the characteristics of their products, services, and operations.

She stressed that during risk assessment, priority should be given to evaluating both the likelihood of occurrence and potential substantial impact. Before deciding and implementing risk response measures, the risk level must be assessed to determine the sequence and strategy for risk management.