China tells state firms to halt deals with Li Ka-shing and his family: Report

China Halts Li Ka-shing Deals Over Panama Port Sale

China’s government orders state firms to pause new partnerships with Li Ka-shing’s family businesses, sources reveal. This follows the Hong Kong billionaire’s move to sell two Panama ports to a BlackRock-led consortium, sparking Beijing’s anger. The 96-year-old tycoon’s decision now strains his ties with China amid U.S.-China tensions. Li, a self-made magnate from Guangdong, built […]

China ordered state companies to refrain from any new collaboration with billionaire Li Ka-shing and his family.

BlackRock's $19 Biliion Port Deal With Li Ka-shing Sparks China Scrutiny, State Firms Told To Pause New Ties: Report - BlackRock (NYSE:BLK)

After CK Hutchison Holdings Ltd. was announced to have sold for a record $19 billion to a consortium led by BlackRock Inc. (NYSE:BLK), China is now scrutinizing Hong Kong tycoon Li Ka-shing‘s global business empire. What Happened: Beijing has ordered state-owned companies to halt new partnerships with companies associated with Li Ka-shing, according to sources cited by Bloomberg. Senior officials’ edict, which appeared to be intended to comprehe…

Li Ka-shing’s Son’s Visit to Beijing Sparks Speculation Amid Panama Port Sale

Richard Li Tzar Kai, the second son of Hong Kong billionarie Li Ka-shing, appeared at a Beijing economic forum March 23-24, drawing speculation that he was there to appease the communist regime after his father’s business, CK Hutchison, announced earlier it would sell most of its interests in Panama ports to a consortium led by U.S. investment firm BlackRock. Richard Li attended the China Development Forum 2025 Annual Meeting, “Unleashing Develo…

Why is China freezing deals with Li Ka-shing’s firms after his Panama port sale plan?

Chinese regulators have also begun examining the Hong Kong tycoon's family's investments, both domestic and overseas, in an effort to map the full extent of their financial interests

Beijing resumes criticism of Hong Kong’s CK Hutchison over Panama ports deal

Beijing authorities kept up their pressure on CK Hutchison on Wednesday, resuming criticism of the Hong Kong conglomerate's sale of its Panama Canal ports.