Your client, a large Chinese manufacturing company, is planning to acquire a German high-end industrial technology company for €500 million. The deal is expected to close in the next six months and will be primarily funded by the client's existing CNY cash reserves and some CNY-denominated bank loans. As their financial advisor, how would you assess and manage the foreign exchange (FX) risk in this cross-border M&A transaction? What specific hedging strategies would you propose, and what are the key considerations?