Overview
- China's market regulator has warned that CK Hutchison's ports sale cannot proceed without its approval, asserting oversight over the Hong Kong-based conglomerate.
- The U.S. has intensified pressure, with President Trump calling for free passage of American ships through the Panama Canal, highlighting the strategic importance of the waterway.
- Discussions are reportedly underway to separate the two Panama Canal ports from the broader $22.8 billion deal due to escalating geopolitical tensions.
- CK Hutchison missed its April 2 deadline to finalize the Panama portion of the transaction, further delaying the deal's progress.
- China has instructed state-owned enterprises to halt new collaborations with Li Ka-shing's businesses, reflecting Beijing's dissatisfaction with the planned sale.