By James Pomfret and Clare Jim HONG KONG (Reuters) – An expected delay in a key step in CK Hutchison’s planned sale of its Panama ports to a U.S. group, a deal blasted by Chinese media, highlights growing concerns about Beijing’s grip over Hong Kong and its exposure to global tensions, analysts say. Definitive documentation…
China’s foreign ministry on Monday warned over economic coercion and bullying that undermined the legal rights of other countries, while Beijing’s top office on Hong Kong affairs shared another scathing article that urged Li Ka-shing’s CK Hutchison Holdings to rethink its Panama ports deal. The ministry also made its first comment over the State Administration…
Beijing’s top office on Hong Kong affairs has fired another warning shot over CK Hutchison Holdings’ Panama ports deal, reposting a sixth critical article which urges the conglomerate against acting “in concert with US hegemony” and to avoid making “historic mistakes”. The Hong Kong and Macau Affairs Office reposted the latest piece on Sunday, which…
Washington is “not surprised” that Beijing is unhappy about plans by tycoon Li Ka-shing’s CK Hutchison Holdings to sell its two Panama ports, the US State Department has said, after a Chinese market regulator launched an antitrust investigation into the deal. “We are aware of the comments made by China. It’s also no surprise that…
Beijing has signalled it will turn to its anti-monopoly law to review Hong Kong-based CK Hutchison Holdings’ controversial deal to sell its strategic Panama and other ports but legal academics told the Post it could be challenging for it to prove a “real risk” to competition. Experts and observers warned that the move could also…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Myanmar quake strikes China’s belt and road heartland: how bad is it? The impact on a key Chinese energy corridor is being closely monitored after a deadly earthquake hit…
By Rishav Chatterjee March 28 (Reuters) – Hong Kong conglomerate CK Hutchison, led by tycoon Li Ka-shing, will not sign a deal next week to sell its two strategic ports at the Panama Canal to a BlackRock-led group, the South China Morning Post reported on Friday. The deal was expected to be signed on April…
(Reuters) -Hong Kong tycoon Li Ka-shing’s CK Hutchison will not sign a deal next week to sell its two port operations near the Panama Canal to a BlackRock-led group amid growing pressure from Beijing, the South China Morning Post reported on Friday, citing a source close to the company. The deal was expected to be…
A sale by Hong Kong-based CK Hutchison of its overseas ports, including two in Panama, to a BlackRock consortium continues to stir debate as to its eventual outcome. China has expressed unhappiness, suggesting the deal would hurt national interest, while CK Hutchison has said the transaction is purely commercial. In a two-part special, we speak…
A sale by Hong Kong-based CK Hutchison of its overseas ports, including two in Panama, to a BlackRock consortium continues to stir debate as to its eventual outcome. China has expressed unhappiness, suggesting the deal would hurt national interest, while CK Hutchison has said the transaction is purely commercial. In a two-part special, we speak…