警告无效？市监总局正式下场，长和有意服软，李嘉诚或遭双重打击

Core Viewpoint - The ongoing port transaction between Cheung Kong Holdings and BlackRock has raised significant concerns among various sectors in China, leading to warnings for Li Ka-shing to reconsider the deal in light of national interests [1][2]. Regulatory Actions - The State Administration for Market Regulation (SAMR) has announced an investigation into the port transaction, emphasizing the need to protect fair market competition and public interest [1][2]. - The legal basis for the investigation is grounded in the Anti-Monopoly Law, which applies to foreign monopolistic behaviors affecting domestic market competition [2]. Financial Impact - Cheung Kong Holdings is facing dual challenges: potential legal sanctions and significant economic losses, with its market value dropping over 30 billion HKD in just 11 trading days [3]. - The company's stock price has been adversely affected, leading to a loss of public trust and raising concerns about its future market prospects in China [3]. Legal Considerations - The transaction with BlackRock did not undergo a global bidding process, which may limit competition and could lead to legal repercussions if deemed monopolistic by the SAMR [4]. - If found guilty of monopolistic practices, Cheung Kong Holdings could face administrative penalties, including fines based on a percentage of its previous year's sales [4]. Current Developments - Reports indicate that Cheung Kong Holdings may not sign the agreements for the two Panamanian ports with the U.S. company as previously planned, suggesting a shift in strategy [5]. - The best course of action for Cheung Kong Holdings would be to terminate the transaction and disclose any economic pressures from the U.S. to the Chinese government [6].