So far, China's main focus on financial risk is its domestic market. Comparatively speaking, foreign debt ratio of China is less than 1%, yet the investment and financing risks are emerging. Anbound's follow-up and research reveals that in recent years, China’s private capital in the investment and acquisitions in Europe and America has rapidly increased. However, the risks of China’s major investment countries in South America and Africa are rapidly increasing; when these countries have serious debt defaults, the risks would rapidly transfer to become the risks of China’s policy banks and of related state-owned enterprises, which in turn will spread to the financial system in China. The Chinese government and related industries need to consider in advance on the issues of debt disposal, asset mortgage, risk interruption and a series of responsive measures.