Research On The Risk Control Mechanism Of Overseas Corruption Of State-owned Foreign-invested Enterprises

China has made tremendous progress in economy since joining the WTO in 2001 and now has become the second largest economy in the world.In recent years,China has implemented the ’going-out’ strategy and the ’One Belt&One Road’Initiative,positively involved in the circle of global economy and maintained its scale of foreign investment in the world.Through these measures,Chinese enterprises,especially its state-owned enterprises,have greatly improved their international competitiveness.Besides,they promoted the transformation and upgrading of China’s economy and provided new energy to the sustainable economic development.In spite of the brilliant achievements,we should also soberly realize that some people of state-owned foreign-invested enterprises have lost their faith in the process of ’going out’.They may risk the danger of criminal means such as corruption or commercial bribery to accomplish their illegal objectives,leading to frequent occurrence of various corrupt cases of state-owned foreign-invested enterprises.Therefore,how to effectively guard against such risks has become an unavoidable test facing state-owned enterprises before they ’go out’.This paper analyzed the theory of commercial corruption both at home and abroad,deeply probed into the definition,present situation and causes of corruption risk for state-owned foreign-invested enterprises.In this paper,the risk management framework of COSO-ERM was used to analyze the corruption risk for state-owned foreign-invested enterprises from the aspect of political,economic,social and legal environment as well as the international cooperation of anti-corruption and internal environment of state-owned enterprises.Besides,it also identified and evaluated the corruption risk of foreign-invested enterprises and tried to establish corresponding prevention&control mechanism in terms of the crucial links such as financial management and control,HR management and control,honest and punishment of discipline violation,legal risk control and management information sharing,etc..In a word,it tried to form a complete set of prevention&control mechanism for corruption risk of state-owned foreign-invested enterprises through establishment of the relevant early-warning,supervision and reevaluation mechanisms.At last,the paper took the state-owned T Company as an example to illustrate so as to effectively reduce the corruption risk and guarantee the security of state-owned assets while sustaining the healthy development of the enterprises.