Hong Kong’s richest man is in hot water over his company’s Panama Canal ports deal
HONG KONG — Hong Kong tycoon Li Ka-shing’s business empire is in the crosshairs after CK Hutchison Holdings chose to sell its Panama Canal port assets to a consortium that includes U.S. investment firm BlackRock Inc., apparently angering Beijing.
Li’s rags-to-riches story paralleled the former British colony’s rise. His business empire touches almost every aspect of daily life in Hong Kong, from properties and supermarkets to telecommunications and utilities. Globally, his conglomerate owns assets including British drugstore chain Superdrug and European mobile phone network operator Three.Li’s influence extends beyond business. He has met with top Chinese leaders and has served on the elite committee that selected Hong Kong’s leader.
During pro-democracy protests in 2019, Li was blasted by some pro-Beijing supporters for his perceived ambivalence about the unrest. Some other Hong Kong business leaders adopted a harsher stance.
Chief Executive John Lee avoided direct criticism of the deal or Trump, but told reporters on Tuesday his government opposes bullying tactics in international economic and trade relations, reiterating Beijing’s stance.Some unconfirmed reports have suggested Chinese leaders were angry not to have been consulted in advance about the deal.
It is unclear whether pressure from Beijing will affect the deal, which has to be approved by Panama’s government. China’s Foreign Ministry deflected a question about whether authorities are investigating the deal, saying reporters should ask other authorities.“Strictly speaking, you just let Trump take credit for it, then you later say ‘Sorry, I’m canceling the deal.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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