Beijing Enterprises Holdings

1. Political Risks: Beijing Enterprises Holdings Limited operates exclusively in China and is subject to the risks of changes in the Chinese government’s policies and regulations. Changes in governmental policies or regulatory actions, including those related to the privatization of state-owned entities, could have a material impact on the company’s business, results of operations, and financial position.

2. Currency Risk: The majority of Beijing Enterprises Holdings Limited's revenue and earnings come from operations in China, whose currency is the Renminbi. Fluctuations in the exchange rate could have a material impact on the results of operations and financial position.

3. Regulatory Risk: Beijing Enterprises Holdings Limited's businesses are subject to numerous laws and regulations and regulatory oversight in all stages of operation. Failure to comply with or anticipate changes in such laws, regulations, or regulatory oversight may have a material adverse effect on the company's business, results of operations, and financial position.

4. Financial Risk: Beijing Enterprises Holdings Limited is dependent on access to capital markets in order to fund its operations. Any adverse changes in credit ratings, or disruption or restrictions in the capital markets, could have a material impact on the company's access to capital, and could have a material adverse effect on the company's business, results of operations, and financial position.

5. Competitive Risk: Beijing Enterprises Holdings Limited operates in highly competitive industries and faces intense competition from rival operators both domestic and international. New competitors, changes in market conditions, or technological shifts may have a material adverse effect on the company's performance.