Knowing the pride the Chinese government takes in their nation this is not going to go down well at home I would have thought.
Afraid the Chinese Government will be using what's going on here as a prime example of how it's overseas investment policy from the central committee last year is working well:
"Big Chinese companies have been on an overseas buying spree in recent years, spending
more than US$1.6 trillion scooping up businesses, property and “trophy assets” like
football clubs. But a
directive from the Central Committee of the Chinese Communist Party puts some of this investment in Australia at risk. The directive specifically restricts outbound investments in real estate, hotels, entertainment, and football clubs."
One of the big reasons for the crackdown is how these investments are funded. China’s financial system is dominated by banks and bank loans are the major source of corporate funding. But this is also risky - if one of these projects fails it risks the entire banking system.
For those of you who want to see the original directive, go here:
http://www.gov.cn/xinwen/2017-08/18/content_5218720.htm
Mr.Xia is now between a rock and a hard place, no Chinese business that's bank (state funded) will break this policy - and even alot of the Chinese 'billionaires' are terrified of using their own funds which might be interpreted as a snub to the Central Committee (which in China can mean writing your own death sentence - literally).
It's why rumours of looking for US investment ring true, getting it from his original 'home' Country look nigh on impossible.