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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.
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China Is Said to Scrutinize Li Ka-shing's Panama Port Deal BloombergHong Kong's leader swipes at Trump but avoids criticism of tycoon's deal to sell Panama Port assets The Associated PressBlackRock Becomes a Power Player in Global Shipping—With Help From Trump The Wall Street JournalCK Hutchison will not hold earnings calls following port deal criticism Reuters.com
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The city's chief executive said a deal between the Hong Kong conglomerate CK Hutchison and BlackRock, a major American investment firm, requires "serious attention."
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