Ṭhe tycoon's empire is in the crosshairs after CK Hutchison Holdings chose to sell its port assets to a consortium that includes BlackRock Inc., apparently angering Beijing.

Summary

Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings faces backlash from Beijing over selling Panama Canal port assets to a consortium including BlackRock, valued at $23 billion.

Beijing critics view the deal as unpatriotic, questioning Li’s loyalty. The controversy highlights tensions between Hong Kong business interests and Chinese nationalism.

Ports’ strategic value adds to the sensitivity, and Beijing may pressure Li to reconsider.

The Trump administration, which favors the deal, could impose sanctions if it’s reversed.

  • unexposedhazardEnglish
    9·
    2 days ago

    If Beijing wants the canal to stay open to the world, then China needs to prop up Panama big time. Make it so they wont have to worry even if sanctioned.