Tycoon Li Ka-shing’s CK Hutchison Holdings and the Hong Kong government are discussing “a reasonable way out” with a week to go until the deadline for sealing a controversial deal to sell its two Panama ports to a consortium led by US investment firm BlackRock, the Post has learned. Sources said on Wednesday that the…
Hong Kong tycoon Li Ka-shing’s company CK Hutchison Holdings, which recently sold its Panama Canal ports, should think twice about which side it wants to stand with, according to a scathing newspaper commentary posted by Beijing’s top office for the city’s affairs on its website. Citing criticisms calling the deal a “betrayal of all Chinese…
CK Hutchison Holdings’ decision to sell its port operations in the Panama Canal and elsewhere was aimed at mitigating geopolitical risks even though the conglomerate framed the deal as a purely commercial move, analysts and sources have said, as they urged Hong Kong’s other major companies to also prepare for unparalleled uncertainties. The company founded…
CK Hutchison Holdings’ decision to sell its port operations in the Panama Canal and elsewhere was aimed at mitigating geopolitical risks even though the conglomerate framed the deal as a purely commercial move, analysts and sources have said, as they urged Hong Kong’s other major companies to also prepare for unparalleled uncertainties. The company founded…
Tycoon Michael Kadoorie is spearheading a drive to raise US$50 million to promote Hong Kong through a worldwide PR campaign, the Post has learned, two months after a Beijing official told local business leaders to take “concrete actions” to support the city. Sources said on Thursday that Kadoorie, chairman of CLP Group, the city’s largest…
Tycoon Michael Kadoorie is spearheading a drive to raise US$50 million to promote Hong Kong through a worldwide PR campaign, the Post has learned, two months after a Beijing official told local business leaders to take “concrete actions” to support the city. Sources said on Thursday that Kadoorie, chairman of CLP Group, the city’s largest…
The Chinese navy will start making regular visits to Hong Kong, in a move analysts have said will help boost national identity and pride. Senior Colonel Wu Qian, from the Ministry of National Defence, made the announcement on Thursday after two of the country’s vessels arrived in the city last week for a five-day visit….
A senior Beijing official’s remarks that the “Hong Kong people administering Hong Kong” guiding principle implies oversight by central authorities are a reminder that the city has never been an “independent political entity”, political analysts have said. They also argued that Zhang Yong, vice-chairman of the Basic Law Committee of the National People’s Congress (NPC)…
Hong Kong may face immediate pain from tariff increases promised by Donald Trump when he moves back into the White House, but businesses are largely prepared and the incoming US president’s transactional approach may open up room for some relief, experts have said. One economist even predicted that Trump’s victory in the US presidential election…
Hong Kong’s leader is expected to roll out measures to amplify the city’s status as an international financial, trade and maritime centre in his third policy address on Wednesday, the Post has learned. Chief Executive John Lee Ka-chiu would also announce plans to diversify the economy through innovation and new industries such as life sciences…