The risk of expropriation is one of the major risks faced in outbound investment from Chinese enterprises. It’s therefore of significance to resort remedies against the risk of expropriation. Both investment insurance and investment arbitration are two major approaches against the risk in outbound investment, especially the latter approach. Aiming at the dispute cases with Chinese outbound investment heard by ICSID, the article makes discussions and analyses on legal problems and dealing measures with the risk of expropriation.