China Chamber of International Commerce, or CCOIC, was established in 1988 with the approval of the State Council of the People’s Republic of China. Affiliated to China Council for the Promotion of International Trade (CCPIT), CCOIC is a nationwide chamber of commerce comprised of enterprises, groups and other business organizations that are engaged in international commercial activities in China. CCOIC adopts a membership system and its main responsibilities include: promoting economic and trade exchanges and cooperation between China and foreign countries; reflecting interest appeal of enterprises to international organizations and government departments of China and foreign countries on behalf of Chinese business community; participating in constitution and promotion of international trade rules; facilitating enterprises to participate in international competition and cooperation; safeguarding legitimate rights of its members, and actively advocating social responsibility and public welfare among business circles. By mid-December 2019, CCOIC has 246,000 member enterprises, including most central SOEs, national financial institutions, a large number of well-known private enterprises and foreign-funded enterprises. CCOIC has become one of the most influential business associations in China. With the aim of building a hub-like chamber of commerce, CCOIC has institutional cooperation with other business associations from home and abroad, and provides services for its members and other enterprises including international exchange, industrial cooperation, legal advice, market information, exhibition planning, project investment and training.