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What risks we'll face from making this investment, and what signposts, shaping, and hedging factors we should consider
a. Risk 1: The government's disagreement on the price and shareholding structure of the deal
? Assumption: the central government will approve the deal in due course. (load-bearing and vulnerable assumption)
? Signposts: significant delay in approval process, debates in the country on the validity of the buy-out (is the deal a cheap selling of state-owned assets? Will that harm the economy security of China?)
? Shaping factors: lobbying Chinese government officials by all means, e...
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