On October 10th, 2006, First Huida, Zurich Insurance and Price Waterhouse Coopers co-sponsored the 2006 Enterprise Risk Management Forum. With participants from more than seventy large central SOEs including PetroChina, Sinopec, China Telecom, China Netcom and COSCO, the forum centered on the latest theoretical and practical development of risk Management in China and abroad. The participants discussed appropriate risk Management philosophy suitable for Chinese enterprises and brainstormed on prospects of China’s ERMIS development in the future.