Hong Kong tycoon Li Ka-shing's CK Hutchison Holdings sold its Panama ports business to a group of investors led by BlackRock. What does this episode tell us about Hong Kong today?
Li Ka-shing's company would have come under increased US scrutiny and risked fight in American court if it held on to overseas docks, sources say CK Hutchison Holdings' decision to sell its port operations in the Panama Canal and elsewhere is to mitigate against geopolitical risks even though it framed it as a purely commercial move,