Hong Kong Opposes Foreign Coercion After CK Hutchison's Port Deal with BlackRock

Hong Kong leader John Lee stated on Tuesday that his government opposes "coercion" and "bullying tactics" by foreign governments, following questions about CK Hutchison's port deal with U.S. firm BlackRock. The deal involves CK Hutchison selling most of its $22.8 billion global ports business, including assets along the Panama Canal, to a group led by BlackRock. Lee urged foreign governments to provide a fair environment for enterprises, emphasizing that Hong Kong is against the abusive use of coercion in international economic and trade relations. This statement comes after U.S. officials expressed concerns about CK Hutchison's control of the ports, with former President Trump calling for the Panama Canal to be removed from Chinese ownership.