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

  • CK Hutchison Holdings agreed to sell port assets, including two Panama Canal ports, to a BlackRock-led consortium for nearly $23 billion, pending regulatory approval, as announced on March 4.
  • Chinese media has pressured CK Hutchison to halt the sale, claiming it violates Hong Kong law and endangers China's interests, according to Ta Kung Pao's commentary.
  • US officials have expressed strong opposition to Chinese control of the Panama Canal, emphasizing that it cannot be a Chinese outpost, as stated by Marco Rubio on March 19.
  • The deal has caused shares of CK Hutchison to fall 12.4%, and it is now uncertain if the sale will proceed as originally planned, per various reports.
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  • 42% of the sources are Center
42% Center
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South China Morning Post broke the news in Hong Kong on Tuesday, March 18, 2025.
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