China warns of the economic forced situation by Blackrock deal in Panama
China warns of the economic forced situation by Blackrock deal in Panama
On Tuesday,officers in Beijing and Hong Kong commented against a proposal to sell the port facilities in the Panama Canal to a consortium under the direction of Blackrock. This led to a drastic decline in the shares of the Hong Kong -based conglomerate that the ports have.
regulatory authorities and possible influence
It is unclear to what extent the regulatory authorities could influence the planned sale, since the ports that CK Hutchison would like to hand over to the group guided by the US investment giant, outside the Chinese mainland and Hong Kong. However, observers have noted that Beijing's sharp criticism of the business indicates that it may not be possible.Beijing expresses clear concerns
When asked during a regular press conference, whether China examined the planned sales campaign of CK Hutchison, Mao Ning, a spokeswoman for the Ministry of Foreign Affairs, refused to give a direct answer. However, she made it clear the view of Beijings:
"I would like to emphasize that China is always decisive against the application of economic compulsory means, hegemonic ambitions and bullying to violate the legitimate rights and interests of other countries."
reactions in Hong Kong
Fed to make similar statements from John Lee, the head of Hong Kong, who found on Tuesday: "We reject the abusive use of forced or bullying tactics in international economic and trade relationships."
review of Desdeal by Chinese authorities
On Tuesday, Bloomberg that several Chinese government agencies, including the top market regulator, were commissioned by government managers to check the deal for possible security violations or violations
stock markets react nervously
cnn asked CK Hutchison for a statement. The company's shares fell by up to 5 % on Tuesday due to uncertainties about the future of the proposal, which is currently considered a "fundamental agreement".
investment offer and strategic importance
At the beginning of the month, the group of investors under the direction of Blackrock announced that they wanted to take $ 22.8 billion in their hands to acquire the ports of Balboa and Cristobal at the ends of the Panama Channel of CK Hutchison, as well as its majority stake in 43 other ports with a total of 199 lying places in 23 countries.
historical context of Hong Kong
Hong Kong is a former British colony that was returned to China in 1997 under a special regulation, which granted the city of autonomy and far -reaching freedoms that are not available in mainland china. However, a national security law that has entered into force in 2020 has changed the political, legal and economic landscape of Hong Kong.
cnns Fred He and Chris Lau contributed to this report.
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