The head of a US congressional committee on Thursday, warned Panama over Chinese influence on the Panama Canal, following reports that leading Chinese state-owned conglomerates are bidding for port concessions there now for sale by Hong Kong-based CK Hutchison Holdings. In his letter to Minister of Maritime Affairs and Administrator of the Panama Maritime Authority…
The sale of global port facilities to U.S.-based investor BlackRock and Mediterranean Shipping Company by Hong Kong’s CK Hutchison could be blocked by China, unless shipping company Cosco is included, according to a Wall Street Journal report citing anonymous sources. Hutchison said in March it planned to sell its 80% share of port terminals through…
(Reuters) -BlackRock’s assets under management hit a new high in the second quarter as global markets rallied on the prospect of trade deals and interest-rate cuts from the U.S. Federal Reserve, brushing aside earlier tariff-related jitters. Shares of the company rose 1.1% in premarket trading. A robust labor market, a healthy consumer and hopes that…
When BlackRock’s chairman Larry Fink declared in his annual letter that “every stock, every bond, every fund – every asset – can be tokenised”, he wasn’t forecasting some distant revolution. He was describing a shift already under way – one that is beginning to reshape how capital is formed, how assets are distributed and who…
In the second of a two-part series on the national security law, we look at how the city has had to battle a negative narrative over the past five years. Read part 1 here. Soon after Hong Kong reopened in early 2023 as harsh pandemic restrictions were finally lifted, veteran lawmaker Regina Ip Lau Suk-yee…
In the second of a two-part series on the national security law, we look at how the city has had to battle a negative narrative over the past five years. Read part 1 here. Soon after Hong Kong reopened in early 2023 as harsh pandemic restrictions were finally lifted, veteran lawmaker Regina Ip Lau Suk-yee…
The US$23 billion sale of global port stakes by Hong Kong’s CK Hutchison could be subject to substantial changes if it is not already on the verge of collapse, with Chinese and Panamanian authorities possibly rejecting the terms, legal and logistics experts have said ahead of the deal’s deadline for exclusive negotiation. Their analysis followed…
Hong Kong businesses must consider national interests while pursuing commercial deals, the city’s leader has said, arguing that the two are not mutually exclusive. In an interview with the Post as he marked three years in office, Chief Executive John Lee Ka-chiu stressed the importance of local companies keeping national interests in mind while seeking…
Beijing’s former liaison office chief in Hong Kong, Zheng Yanxiong, has returned to the nation’s capital and is expected to take up a senior role in the country’s top legislative body, the Post has learned. Two sources familiar with the matter said Zheng, who was abruptly removed as director of Beijing’s liaison office in Hong…
CK Hutchison Holdings needs a war chest to maintain its fiscal health in the face of escalating geopolitical tensions, its chairman Victor Li Tzar-kuoi has said, with senior managers assuring the US$23 billion deal involving two Panama ports will comply with regulations. At the conglomerate’s annual general meeting on Thursday, Li said that many uncertainties…