To enhance the international competitiveness of enterprises, we must coordinate safety and development

At present, the changes in the world over the past century and the epidemic in the century are intertwined, and the international situation is volatile. In particular, uncertain events such as the conflict between Russia and Ukraine and the serious social and economic crisis in Sri Lanka have made the business development of overseas Chinese enterprises face more uncertainty, which has hindered the normal overseas investment activities of Chinese enterprises.
"Now is not the time to retreat. It is the time for enterprises to enhance their skills, to make profits under the premise of strengthening overseas security risk prevention, and to better enhance their competitiveness in the international market. However, this requires joint efforts of all parties to help enterprises' go global 'more stably." Liu Ying, member and researcher of the Chongyang Institute of finance of Renmin University of China and director of the cooperative research department, said.
At present, how should overseas Chinese enterprises deal with possible security risks? In Liu Ying's view, enterprises must first pay close attention to the latest international situation, predict the possible risks, comprehensively assess the source, development, evolution of these risks and the possible impact and impact on themselves, and make a risk response plan in advance. At the same time, financial institutions need to "go out" in front of enterprises, rather than just follow behind to increase funds. They should give better play to their strengths, escort enterprises' overseas investment, and provide financial support, professional support, and risk warning tips.
"More importantly, enterprises should adhere to high-quality joint construction of the 'the Belt and Road', jointly build investment projects with local enterprises, and develop third-party market cooperation to achieve shared responsibility, shared benefits, and joint prevention and control of risks." Liu Ying said.
Jia Hui, Secretary General of Beijing rongshang "the Belt and Road" legal and commercial service center, believes that Chinese enterprises should explore the establishment of an all-weather early warning and evaluation comprehensive service platform for overseas project risks, timely early warning and regular evaluation. We should strengthen the coordination of overseas interest protection, international counter-terrorism, security and other mechanisms.
Maotianyu, an expert of the United Nations International Trade Center, analyzed that under the current situation, there are three kinds of risks that require enterprises to pay more attention. The first is political and regulatory risks. With the rise of national security factors and the increasing downward pressure on the economy, some countries may have excessive government regulation, and then put forward more requirements for enterprises. The second is the risk of cost control. The continuous spread of the global epidemic and the conflict between Russia and Ukraine may lead to the interruption of the industrial chain and supply chain. The third is the exchange rate and debt risk. Developed economies such as the United States and Europe continue to raise interest rates, increasing the default risk of heavily indebted countries in emerging economies.
Mao Tianyu proposed three countermeasures for Chinese enterprises. First, we should strengthen the compliance management of enterprises, actively undertake corporate social responsibility, create a good image of enterprises in local communities, and maintain the corporate image. Secondly, enterprise investment must be based on in-depth market research and full understanding of all aspects of information, combined with the external situation and industry characteristics, in-depth risk assessment and management, and fully make emergency plans. Finally, we should make good use of hedging tools to avoid exchange rate and debt risks, hire strong lawyers and tax service teams, ensure that we can effectively deal with political and regulatory risks, and help plan and do a good job of risk avoidance.
"At present, the government and the Embassy are actively organizing lectures and experience exchange activities on foreign investment risks, which can better help enterprises understand more risk prevention knowledge, so as to avoid risks more effectively." Mao Tianyu said that the government and the Embassy can strengthen the monitoring and early warning of economic risks, strengthen the analysis and judgment of the economic situation of the host country, and provide relevant information to enterprises in a timely manner. In addition, it is also necessary to further strengthen preventive consular protection, popularize overseas consular protection and overseas security knowledge, improve the security awareness and self-protection ability of enterprises, and support enterprises' legitimate rights protection.