Under the background of “The Belt And Road”，Chinese infrastructure enterprises carry out merger and acquisition activities. In addition to traditional political，economic，cultural and legal risks，the risk of liability and moral public opinion is especially prominent. The risk of mergers and acquisitions all link with one another，so Chinese construction enterprises must face up to the responsibility and image requirement when taking “free riding” of The Belt and Road to achieve globalization in advance，and try to avoid related risk associated with the free-riding.