Li Ka-Shing’s Port Sale Creates Societal Concern, HK Leader Says

  • John Lee’s comments follow critical commentary in local media
  • Lee says he opposes ‘abusive use of coercion’ in trading ties
The Port of Balboa at the Pacific entrance of the Panama Canal.Photographer: Walter Hurtado/Bloomberg
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Li Ka-shing’s plan to sell the bulk of his company’s global ports operations to a consortium led by BlackRock Inc. is causing concern, according to Hong Kong’s leader.

“There have been extensive discussions in society about the issue,” John Lee said at his weekly press briefing in response to questions on the sale. “This reflects society’s concern over the matter. These concerns deserve serious attention.”