Group 1 - The core transaction involves the sale of port rights in 43 ports across 23 countries by Cheung Kong Holdings for 22.8billiontoaconsortiumledbyBlackRock,raisinggeopoliticalconcernsbetweenChinaandtheU.S.[1]−TheportsincludedinthesalearestrategicallylocatedatbothendsofthePanamaCanal,whichcouldimpactChineseshippingoperationsifBlackRockimplementshighentryfeesforChinesevessels[1][2]−TheChinesegovernmenthasexpressedconcernsoverthesale,indicatingthatstate−ownedenterprisesshouldpausenewcollaborationswithLiKa−shing′scompanies,emphasizingtheimportanceofnationalinterests[2]Group2−CheungKongHoldingshaspaid658 million in taxes and invested $1.7 billion in upgrading port facilities in Panama since acquiring operating rights in 1997 [2] - The urgency for Cheung Kong to complete the transaction is driven by political risks and public pressure, with plans to finalize the agreement by April 2 [2][3] - The transaction reflects broader U.S.-China strategic competition, highlighting the need for China to enhance its port network and influence in international rule-making to secure supply chain safety [4]