"China Tells SOEs to Inspect Overseas Compliance Risks", 14 May 2021

China’s state-owned assets supervisor told central government-owned enterprises to conduct regular inspections of their overseas compliance risks and take risk control measures as Chinese state-owned companies face increasing scrutiny and sanctions in the U.S. and elsewhere.

The inspections will focus on high-risk areas such as investment access, capital markets and intellectual property rights, said Wong Jieming, vice chairman of the State-owned Assets Supervision and Administration Commission (SASAC), Thursday at a media briefing.

To prevent related risks, some central government-owned enterprises, including China Nonferrous Metal Mining Group, China Communications Construction Group, China Three Gorges Corp., and China National Cereals, Oils and Foodstuffs Corp., have compiled a negative list of investments, built a legal risk-prevention database, and involved legal personnel deeply in major overseas investment projects, according to SASAC. [...]