仅剩最后七天的时间，长江和记就要完成和贝莱德集团的港口交易了，其中就包括最受外界关注的两座巴拿马港口。不过就在双方即将交割之际，又有新的 消息传来，这次李嘉诚出售港口一事，或许仍有转机... 虽然这一消息并不意味着大陆将会立刻全面禁止同李嘉诚的合作，但是对李嘉诚的压力无疑再次增加。但是外媒一般认为，大陆的施压对于长江和记的影响 比较有限，因为长江和记仅有12%的收入来自香港和大陆，其主要业务覆盖欧洲，北美以及澳大利亚。 涉及零售，电信，以及公共事业等领域，其实港口行业本身也并非长江和记的主营业务，因此李嘉诚的企业和国企的业务往来本身就不多。但是李嘉诚其长 子李泽钜所负责的房地产部门，长江实业五分之一的长期租赁物业都位于中国大陆，其大部分用于开发的待售房地产项目的土地储备也位于大陆。 3月4日，长江和记宣布将会以228亿美元的价格，向贝莱德集团出售其位于23个国家的43个港口的相关权益，其中包括巴拿马的两座港口，这两座港口恰好 位于巴拿马运河的两端。而这一消息一经公布，立刻就引起了轩然大波。 以《大公报》为首的舆论界，立刻对李嘉诚发起"猛攻"。早在特朗普刚刚就任总统的时候，他就已经对巴拿马运河表现出了浓厚的兴趣 ...

Core Viewpoint - The ongoing debate surrounding the sale of Panama Canal port assets by CK Hutchison Holdings highlights the tension between corporate interests and national security, emphasizing that businesses should consider the broader implications of their actions on national development and global stability [3][4][6]. Group 1: Corporate Actions and National Interests - CK Hutchison's decision to sell port operations is viewed as short-sighted, potentially exacerbating U.S. hegemony and undermining global stability [3][4][6]. - The sale of critical infrastructure like ports is not merely a business transaction; it poses significant risks to national interests and security [6][8]. - The actions of CK Hutchison could negatively impact China's global port strategy, raising concerns about the long-term implications for national development [4][6]. Group 2: Economic and Geopolitical Implications - The port operations are crucial for global trade, with approximately 80-90% of goods relying on maritime logistics, making the Panama Canal's role vital [8]. - The potential "Americanization" of the Panama Canal could lead to increased logistical costs and instability in supply chains for China [7][8]. - The current geopolitical climate, particularly U.S.-China tensions, necessitates that businesses align their strategies with national interests to avoid detrimental outcomes [7][8]. Group 3: Public Sentiment and Reactions - There is widespread public criticism of the notion of "business without borders," with many arguing that it is naive in the context of current geopolitical realities [4][7]. - Social media reactions reflect a strong sentiment against the sale, with calls for CK Hutchison to reconsider its decision due to potential long-term consequences [8]. - The narrative surrounding the sale has sparked discussions about the responsibilities of businesses in safeguarding national interests amidst external pressures [3][6].

Core Viewpoint - Li Ka-shing's CK Hutchison Holdings (CKH) reported a significant decline in net profit for 2024, dropping over 27%, despite a double-digit growth in its port business, leading to market sell-off concerns [3][11]. Financial Performance - CKH's total revenue for 2024 reached HKD 476.68 billion, marking a year-on-year increase of 3.3% [3]. - The company's net profit attributable to shareholders was HKD 17.09 billion, reflecting a decrease of 27.3% compared to the previous year [3]. Revenue Breakdown - The company has five main revenue sources: ports and related services, retail, infrastructure, telecommunications, and financial and investment services [4]. - Retail remains the largest revenue contributor, generating approximately HKD 190.19 billion in 2024, a 4% increase, accounting for about 40% of total revenue [5]. - The financial and investment segment reported revenue of HKD 97.51 billion, up 2%, representing 20% of total revenue [5]. - Telecommunications generated HKD 88.37 billion, also showing a 2% increase, making up 19% of total revenue [5]. - Infrastructure revenue was HKD 55.32 billion, with a 1% growth, contributing 12% to total revenue [5]. - The port and related services segment, while the smallest, achieved revenue of approximately HKD 45.28 billion, an 11% increase, accounting for about 9% of total revenue [5][6]. Port Business Insights - The port business experienced a 6% increase in throughput, handling 87.5 million standard containers in 2024 [7]. - The growth in the port segment was driven by a 6% increase in throughput and a 13% rise in warehousing revenue, with EBITDA and EBIT rising by 19% and 27%, respectively [6][7]. - CKH's port operations cover 295 berths across 53 ports in 24 countries, with a strong performance attributed to stable consumer spending in Europe and the U.S. [6][9]. Strategic Asset Sale - CKH announced plans to sell a significant portion of its port assets to a consortium led by BlackRock, which includes stakes in 43 ports across 23 countries, with a total enterprise value of USD 22.8 billion [11]. - The sale is part of CKH's strategy to shift from a global to a regional focus, aiming to enhance cash flow and reduce exposure to geopolitical risks [11][12]. - The transaction is expected to generate over USD 19 billion in cash for CKH after adjustments [11]. Future Outlook - The company anticipates potential challenges in its port operations due to geopolitical risks and supply chain disruptions but expects moderate growth in Asia and the Middle East [9][12]. - CKH's management plans to limit capital expenditures and focus on cash flow management amid an uncertain operating environment [12].

近年来，随着全民健身热潮的兴起和健康生活方式的普及，瑜伽、慢跑、骑行、飞盘等轻运动，因 具有"低门槛、高舒适度、强社交属性"等特征，逐渐成为都市人群的新宠。随之而来的是相关产业的爆 发式增长，比如轻运动服饰市场。轻运动不仅重塑了运动服饰的功能性需求，更推动了羽绒服与运动内 衣两大品类的创新迭代，形成"科技赋能场景、舒适引领潮流"的消费新逻辑。 轻运动服饰市场需求随运动频次增加而激增，消费者既追求抗震性，又注重舒适与美观，推动行业 向"场景融合"升级。轻运动羽绒服领域，超轻量化与高功能性成为核心突破点。例如，采用90%鹅绒填 充的革新设计，通过专利防钻绒技术实现运动无束缚感，同时以短款修身剪裁和多场景适配性(如通勤 与户外切换)打破传统羽绒服的臃肿标签。轻运动内衣的进化更显多元化，一方面，专业支撑技术(如四 级减震系统、动态承托设计)成为女性运动健康的核心保障，通过减少胸部震动幅度降低运动损伤风 险；另一方面，无缝一体织工艺与速干透气面料(如锦纶+氨纶混纺)推动内衣向"无感穿戴"升级，甚至 成为街头穿搭的时尚单品。 基于艾媒自主研发并获得省部级重大科技专项立项的CMDAS大数据系统监测及严格的调查，以及 对中国 ...

Group 1 - Li Ka-shing's CK Hutchison Holdings announced a principle agreement to sell 90% of its stake in the Panama port company to a consortium led by BlackRock, which includes Mediterranean Shipping Company [1] - The sale involves the complete divestment of CK Hutchison's holdings in Hutchison Port Holdings and Hutchison Port Group, which together control 80% of Hutchison Port Group's global interests [1] - The political climate in Panama shifted after U.S. Secretary of State Rubio pressured the Panamanian government, leading to an audit of Li Ka-shing's port operations and a potential revocation of his operating rights [3] Group 2 - U.S. President Trump has threatened the Houthi organization in Yemen, stating that they will be "completely destroyed" following intensified airstrikes against areas under their control [5] - The Houthis have been involved in attacks on Western shipping in the Red Sea, which has caused significant disruptions in global shipping routes and increased logistics costs [6] - Trump's military strategy against the Houthis differs from the previous Biden administration, as it includes broader targets, potentially increasing operational efficiency against the group [6][8]

Core Viewpoint - Li Ka-shing's business empire exemplifies the complexities of global capitalism and the ethical dilemmas faced by entrepreneurs in a rapidly changing economic landscape [1][7]. Group 1: Business Operations and Assets - Li Ka-shing's total assets in the UK exceed 360 billion RMB, with ownership of 48 ports across 25 countries, which are significant sources of wealth [1]. - Hong Kong's CK Hutchison announced a principle agreement to sell 80% of its port assets to a consortium led by BlackRock, involving 43 ports and logistics networks in 23 countries, including key ports at both ends of the Panama Canal [3]. - The sale of these strategic assets raises concerns about China's shipping interests, as Chinese vessels account for 21% of the cargo volume through the Panama Canal, a critical trade route [3]. Group 2: Ethical Considerations and Criticism - The transaction with BlackRock has been criticized as a manipulation of global power dynamics, suggesting that it is not merely a business deal but a means of exerting American influence [3]. - Li Ka-shing's business practices have been described as crossing ethical boundaries, particularly in the context of selling critical infrastructure to Western entities while profiting from opportunities in mainland China [4]. - The operational strategy of CK Hutchison has been characterized by a "low-price land hoarding" approach, with nearly half of its projects taking over ten years to develop, raising questions about its commitment to local markets [4]. Group 3: Market Dynamics and Controversies - The marketing practices of the energy drink brand, Burnley, which is linked to Li Ka-shing, have been criticized for resembling pyramid schemes, with a multi-tiered agent system that encourages stockpiling and recruitment [5]. - The ongoing disputes surrounding the Red Bull brand in China highlight the aggressive tactics employed by former executives and their impact on market integrity, with accusations of unethical behavior aimed at seizing market share [6]. - Li Ka-shing's asset divestitures in mainland China from 2013 to 2022 have been likened to a financial vulture capitalizing on market opportunities, while his philanthropic efforts are viewed as attempts to mitigate reputational damage [6].

面对李嘉诚这一可能损害国家利益的交易，官方迅速作出反应。3月13日，国务院港澳办网站转载香港 《大公报》文章《莫天真 勿糊涂》，直言长和出售港口并非"普通商业行为"，背后或许藏着美国的政 治算计。文章称，特朗普政府将巴拿马运河问题政治化，而长和的交易，很可能让美国借港口控制，来 打压中国航运，甚至全球关键港口都可能被美国纳入掌控范围，中国船舶或将"无处可靠"。 突发！官方3天内3次点名96岁李嘉诚！若不回头必 将闯下大祸！ 据生活帮报道，国务院港澳办在3天内3次发文，剑指96岁的李嘉诚。原因是李嘉诚旗下长江和记实业， 要把全球43个港口，以228亿美元的价格，卖给美国贝莱德财团。这一行为，引发各界强烈关注。 3月4日深夜，长江和记实业发布公告，宣布与美国贝莱德牵头的财团达成原则性协议，要出售旗下和记 港口集团80%的资产。这可不是一笔小买卖，涉及分布在23个国家的43个港口及配套物流网络，其中就 有扼守全球航运咽喉的巴拿马运河两端的巴尔博亚和克里斯托瓦尔港口。这些港口的重要性不言而喻。 巴拿马运河承载（资料图） 数据显示，巴拿马运河承载着全球6%的海运贸易量，而在通过巴拿马运河的商船中，中国商船货运量 占比达 ...

曾经天上飞的资本，如今却从天而降，狠狠砸了他一脸！你看这情形，怎么就像一场车祸，眼睁睁地看着他连人带车一起翻车，想做点什么又无力回天。 这时候，你不能不想问，李嘉诚到底在想什么？怎么还不趁早止损，亡羊补牢呢？这事儿越拖越麻烦！你再看看他那边的动静，照这速度下去，自己玩完的 节奏都能算出来。 万一真到了那一天，难道真得等到自己被"笑"成笑柄，再打算出手吗？如果最后走到这一步，不知道他脸上那股自信都去哪了，真是让人捉摸不透。 李嘉诚慌了！因为长和股票11天蒸发了300多亿港币，真的心疼死了 李嘉诚慌了，真的是慌了。你看他那一脸心情沉重的样子，像极了曾经那种意气风发的模样，但如今的李嘉诚，哪里还有当年那个香港首富的气场？一场股 市暴跌，直接让他的长和集团股票蒸发了超过300亿港币！你敢信吗？不过才11天的时间，简直是眼睁睁看着自己的财富如流水般溜走，连带的，还有曾经 的豪言壮语、辉煌历史，统统都跟着一起下滑。 你敢说，这不让人心疼吗？看着这几百亿的蒸发，真的是说不出话来。曾几何时，李嘉诚可是那个力压群雄，敢于挑战一切困难的商界巨头。可如今呢？他 的长和股票一跌再跌，跌得一点点没有节制。 想象一下，李嘉诚眼下心里的急 ...

72小时内被三次点到，李嘉诚依然装聋！关键时 刻，中方出访巴拿马 据环球时报报道，李嘉诚家族旗下的香港长江和记实业有限公司，转让全球43个港口一事引发广泛关 注，在72小时内被官方三次点名批评，然而李嘉诚方面却未做出任何回应。 事情的起因是，长和公司计划以228亿美元的价格，将旗下和记港口集团80%的资产，出售给美国贝莱 德牵头的财团。这一交易涉及分布在23个国家的43个港口及配套物流网络，其中最为引人注目的，当属 巴拿马运河两端的巴尔博亚和克里斯托瓦尔港口。要知道，巴拿马运河可是全球航运的咽喉要道，承担 着全球约6%的海运贸易量。中国作为全球贸易大国，中国商船货运量在巴拿马运河的占比高达21.4%， 是仅次于美国的第二大用户。 美国海岸警卫队的船只（资料图） 自交易消息传出后，迅速引发各界热议。3月13日和15日，中共中央港澳工作办公室与国务院港澳事务 办公室网站，先后转载香港《大公报》的锐评文章《莫天真，勿糊涂》及大公时评文章《伟大的企业家 都是铮铮爱国者》。文章指出，这笔交易绝非"普通商业行为"，美国企图通过胁迫、施压等手段，侵吞 他国正当权益，将巴拿马运河"美国化""政治化"，以达到其全球霸权的目的。 ...

据红星新闻报道，3月，李嘉诚旗下长江和记实业有限公司在港交所公告，宣布与贝莱德牵头的财团达成原则性协议，出售其全球港口业务核心资产，其中 涉及巴拿马港口公司90%股权。该财团成员包括美国资产管理公司贝莱德及其全球基础设施投资合伙企业(GIP)、地中海航运旗下码头投资公司(TiL)。根据 公告，长和拟向该财团全数出售持有的和记港口控股(HPHS)及和记港口集团控股(HPGHL)股权，二者合计控制着和记港口集团80%的全球权益。标的资产 覆盖亚欧美洲23个国家的43个港口。 李嘉诚赌输？中国直接反将一军，局势逆转，特朗普手伸的太长了 巴拿马（资料图） 事实上，近期有很多爱国人士猛烈地抨击李嘉诚的出售决策，相比于李家超特首稍显委婉的回应，香港前特首、现任政协副主席梁振英就说得更加直白。梁 振英在社交媒体上表示，有些香港商人误信"商人无祖国"，以为一切在商言商，殊不知"没有祖国的商人只会沦为没有父母被人欺凌的孩子"！这话无疑是警 告李嘉诚，提醒后者不要忘记自己是个中国人，如果李嘉诚觉得自己没有祖国，那么将来他遭遇问题时，也不会得到祖国的支持！ 现在的中国，也有一些不认同政府主张的反对派，但这并不妨碍他们热爱自己的民族 ...