HONG KONG (AP) — Hong Kong’s leader has waded into a controversy over a prominent conglomerate’s decision to sell its Panama Canal port assets to a consortium including American investment bank BlackRock Inc., a deal that has angered Beijing and highlights how escalating tensions between Beijing and Washington can leave the Chinese financial center’s business […]
Hong Kong's leader addressed concerns surrounding CK Hutchison's proposed sale of its Panama Canal port assets to a consortium including BlackRock, a deal criticized by Beijing. While acknowledging the concerns, the leader avoided direct criticism of the conglomerate or its controlling family, while also swiping at Trump's claims about the deal. The sale, requiring Panamanian approval, has raised tensions amid escalating issues between Beijing and Washington, placing pressure on Hong Kong's business leaders.
