Chinese investors urged to study foreign law

Better judicial services and increasing legal awareness will make a contribution as Chinese enterprises invest overseas or foreign companies come to China for business, commercial and law specialists said on Thursday.

"The more legal knowledge our investors learn, the smaller they will face disputes in a foreign country," said Chen Jiping, executive vice-chairman of the China Law Society, in the Conference on Legal Risk and Countermeasures of International Investment and Trade.

The seminar, also hosted by the society, a nationwide academic organization, invited more than 200 law and commercial specialists, and will last until Friday.

Chen suggested Chinese investors not only learn foreign laws, but also improve their legal awareness as they participate in international investments.

"When we abide by laws in the country we decide to invest, we'll get more trust and avoid unnecessary investment risks," he said. "The legal awareness will also make the contribution to serving China's Belt and Road Initiative."

Wu Hao, from the State Council's Legislative Affairs Office, echoed those sentiments, saying legal services or regulation would bring more economic gains.

"Many foreigners have paid close attention to our country's economic developments, but rarely focused on our legal constructions," Wu said, adding that the seminar is the good opportunity for guests home and abroad to communicate and understand.

Edmond Moukala, from World Heritage Centre of UNESCO, confirmed that lots of Chinese enterprises are developing or helping Africans to promote businesses in African countries.

Abiding by African rules should be the priority before investment, he said, adding that some Chinese enterprises had agreed to protect environment of Africa during the developments.