China, Hong Kong threaten to thwart sale of Panama Canal ports to America's BlackRock

Hong Kong company's sale of Panama Ports to U.S. investors sparks criticism in China

Why the Chinese government is angry over a deal involving a prominent Hong Kong billionaire's business empire and the Panama Canal.

Trump, Xi Will Decide Li Ka-shing’s Port Sale

By: Toh Han ShihCK Hutchison Holdings, the Hong Kong-listed conglomerate controlled by Li Ka-shing, Hong Kong’s richest man, is torn between rival superpowers, the US and China. Although CK Hutchison said its agreement to sell ports to BlackRock is purely commercial, it is highly probable that US President Donald Trump and Chinese President Xi Jinping will restructure the deal. It is unlikely that CK Hutchison will sell all 40-odd ports to Black…

The decision of CK Hutchison Holdings, the flagship company of billionaire Li Ka-shing, to sell its Panama Canal ports to the American BlackRock fund has angered China, a country that tries to stop the operation or, at least, to issue a warning to sailors so that other companies do not follow the same course.The sale - with which CK Hutchison Holdings could generate cash revenues of 19 billion dollars - has “enraged” the Chinese president, Xi Ji…

Amid Panama Port Sale, China Demands Patriotism From Its Private Sector

The Chinese government frequently demands that businesses prove their political loyalty – even at the cost of their own financial interests.

Chinese anger at sale of Panama Canal ports to US investor highlights tensions between the two superpowers

When Hong Kong-listed conglomerate CK Hutchison announced it was selling its two port concessions on the Panama Canal to a US consortium led by New York-based giant BlackRock, the Chinese government issued a strongly worded rebuke. Through government-backed newspaper Ta Kung Pao, Beijing accused the US of forcing the deal “through despicable means”, and claimed that if this was completed: “The United States will definitely use it for political p…

Xi Jinping is unhappy: Beijing does not like that the US buys the ports of the Panama Canal: EADaily

EADaily, March 21st, 2025. Chinese President Xi Jinping is unhappy with the plans of the Hong Kong company CK Hutchison Holdings to sell the ports of the Panama Canal to a consortium led by the American fund BlackRock. This is stated in an article in The Wall Street Journal, citing sources close to the situation.