From the observation of the obstacles in the sale of Li Ka-shing's port, at least three warning signals are released for Chinese enterprises and individual investors:

1. The compliance costs for going abroad have sharply increased (hard thresholds)

A "dual chain review" mechanism is forming globally—China's Anti-Espionage Law and Data Security Law are constructing a security network for outbound activities, while Europe and the United States are tightening access through the Foreign Investment Risk Review Modernization Act, among others. Last year, the delay of 8 months in the review of technology transfer for CATL's factory in Germany confirmed that Chinese enterprises' overseas deployment has entered the era of "overcoming five barriers". It is recommended that enterprises establish a dual-track due diligence system and reserve more than 20% of the time budget to cope with reviews.

2. A qualitative change in asset valuation logic (soft risks)

Valuation models for "strategic assets" such as ports and data centers need to incorporate geopolitical factors. Referring to Huawei's special handling of supply chain security during the sale of Honor, the premium space for such asset transactions may be compressed by 15-30%. Individual investors should be wary of the risk of goodwill impairment for related listed companies, especially those with overseas assets accounting for more than 40%.

3. Upgrading investment decision-making thinking (new dimension)

The ESG investment framework is incorporating "G2 factors" (US-China game factors). It is recommended to refer to the model used by Yangtze Power when acquiring a Peruvian power plant, which introduced guarantees from multilateral development banks, employing a "third-party risk buffer mechanism". For individual investors, the regional allocation of QDII funds should pay more attention to the coordination degree between the host country and China's regulations to avoid falling into the compliance "double-kill" dilemma.

Currently, global FDI flows are showing "blockchain" characteristics. According to McKinsey data, cross-regional investments between North America and Asia decreased by 37% year-on-year in 2023. This indicates that in the era of globalization 2.0, the safety margin of investments no longer solely depends on commercial logic but also requires the construction of a three-dimensional assessment system that includes policy sensitivity, compliance flexibility, and geopolitical adaptability. This is both a challenge and an opportunity for Chinese capital to transition from "scale expansion" to "quality cultivation".