After the international financial crisis, the emerging economies have become the main power source of the world economy recovery and its sustainable development, so there is a strong practical significance of expanding emerging markets by Chinese enterprises to make an analysis of the characteristics of emerging economies. According to 26 emerging market countries defined by IMF, combined with the research results of expanding emerging markets by Dongguan FDI enterprises, the development and market characteristics on emerging economies in multiple perspectives is analyzed. Then the challenges of expanding emerging markets by Chinese enterprise is analysed. The reference recommendations for Chinese enterprise to expand emerging markets are put forward.