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在线翻译:
szdaily -> Business/Markets -> 
Firms eye enhanced compliance management
    2019-09-11  08:53    Shenzhen Daily

WHILE more and more Chinese enterprises are going global and developing businesses in the international economic arena, their compliance capability has reported remarkable improvement, helping them gain a bigger share in the global market.

However, with an increasingly more complex external environment, the challenges and risks facing Chinese enterprises are surging more than ever, said Su Wei, an official with the National Development and Reform Commission (NDRC), at a training program focusing on compliance management in Belt and Road investments.

Held by the NDRC, China’s top economic planner, in Henan Province, the training has attracted around 100 participants from both State-owned and private domestic firms.

“Our company has always paid great attention to compliance with local laws and regulations in our overseas businesses, which I think is the key to some extent to the success of investment in a foreign country,” said Gong Shuangxi from the Henan Civil Aviation Development and Investment Co.

Established in 2011, the provincial government-owned company had soon expanded its businesses to Europe by seizing opportunities brought by the Belt and Road Initiative.

While for Huang Youquan, an official from the China Western Power Industrial Co. Ltd., a provider of power plant boiler and power station auxiliary equipment in Sichuan Province, compliance management in overseas projects has helped transform the traditional experience-based management model to a law- and rule-based one.

Founded in 1983, the company started its large-scale “going abroad” drive after 2015 and has established several Build-Operate-Transfer (BOT) projects for waste-to-energy generation.(Xinhua)

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