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 leaders trapped in the middle.
Chief Executive John Lee told reporters at a weekly news briefing that CK Hutchison Holdings’ in-principle agreement to sell its controlling stake in a company operating ports at both ends of the Panama Canal was being discussed extensively and concerns raised about the deal deserve serious attention. He did
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