Group 1 - The core transaction involves the sale of port rights in 43 ports across 23 countries by Cheung Kong Holdings for $22.8 billion to a consortium led by BlackRock, raising geopolitical concerns between China and the U.S. [1] - The ports included in the sale are strategically located at both ends of the Panama Canal, which could impact Chinese shipping operations if BlackRock implements high entry fees for Chinese vessels [1][2] - The Chinese government has expressed concerns over the sale, indicating that state-owned enterprises should pause new collaborations with Li Ka-shing's companies, emphasizing the importance of national interests [2] Group 2 - Cheung Kong Holdings has paid $658 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]

Core Viewpoint - The sale of ports by Li Ka-shing to the American financial group BlackRock has raised significant concerns regarding national interests and strategic infrastructure, especially in the context of escalating US-China tensions [3][15]. Group 1: Transaction Details - Li Ka-shing's company, CK Hutchison Holdings, announced an agreement to sell 43 ports across 23 countries to BlackRock for $22.765 billion [3][6]. - BlackRock's transaction involves ports that handle one in every twenty shipping containers globally, highlighting the strategic importance of this deal [6][10]. - The primary operational partner for BlackRock in this transaction is the Mediterranean Shipping Company (MSC), which is the largest shipping group globally [7][8]. Group 2: Implications of the Deal - If the transaction is completed, BlackRock will significantly enhance its influence in the infrastructure sector, potentially controlling around 100 port investments globally through its GIP fund [10][12]. - The deal has sparked concerns in China, as it could lead to increased operational costs for Chinese shipping companies entering these ports, especially with the US considering imposing a service fee on Chinese vessels [15][17]. - The transaction has been met with public discontent, with calls for a review of the deal due to its implications for national security and economic interests [19][21]. Group 3: Potential Outcomes - There are four possible outcomes for the transaction: normal completion, modification of the deal to exclude sensitive ports, complete cancellation, or a split sale where strategic ports are sold to state-owned enterprises [19][21]. - The likelihood of the deal being canceled is considered high, given the ongoing scrutiny and regulatory reviews [19][21].

Core Viewpoint - The proposed sale of 43 global ports by Li Ka-shing to BlackRock for $22.8 billion has triggered an antitrust investigation by China's State Administration for Market Regulation, leading to a significant drop in the market value of Cheung Kong Group by HKD 78.1 billion [1][3][4]. Group 1: Antitrust Investigation Impact - The antitrust investigation has been described as a rare and strong response from Chinese regulators, indicating serious scrutiny of the $22.8 billion deal [3][4]. - The market reacted swiftly, with Cheung Kong Group's stock price plummeting, resulting in a loss equivalent to nearly one million average family homes [3][4]. - Legal experts affirm that Chinese regulators have the authority to investigate foreign monopolistic behaviors affecting domestic market competition under the Antitrust Law [3][4]. Group 2: Strategic Implications of the Deal - The sale of ports, particularly those at both ends of the Panama Canal, is seen as a strategic move that could impact China's trade routes, as approximately 21% of the ships using the canal are Chinese [8][10]. - The U.S. has shown increasing interest in global ports, with recent policy changes indicating a potential trade war targeting Chinese interests [6][8]. - Historical context reveals that the U.S. has previously exerted control over the Panama Canal, suggesting a pattern of geopolitical maneuvering through economic means [10][11]. Group 3: Li Ka-shing's Business Strategy - Li Ka-shing's decision to sell ports without a public bidding process raises questions about the motivations behind the transaction, suggesting a potential urgency in reallocating assets [4][17]. - The shift in Li's investment strategy from a heavy focus on Hong Kong to a more diversified portfolio in Europe and North America indicates a strategic pivot in response to global market dynamics [15][19]. - The rapid agreement with BlackRock, despite previous rejections of lower offers, suggests a pressing need to adapt to changing geopolitical landscapes [17][19]. Group 4: China's Strategic Countermeasures - China has initiated a multi-faceted response to the port sale, including high-level meetings with influential figures in the investment community, signaling a strategic recalibration [21][23]. - The introduction of stricter scrutiny under the revised Antitrust Law provides a legal framework for the government to intervene in transactions deemed to threaten national security [23][25]. - The ongoing negotiations and potential involvement of state-owned enterprises in acquiring the ports highlight China's commitment to safeguarding its strategic interests [21][25]. Group 5: Broader Implications for Global Trade - The situation exemplifies the intersection of commercial interests and national security, reflecting the complexities faced by businesses in a globalized economy [27]. - The case serves as a lesson for entrepreneurs on balancing profit motives with national strategic considerations, emphasizing the importance of understanding geopolitical contexts in business decisions [27].

Group 1 - China Merchants Port plans to expand its overseas terminal acquisitions, focusing on investments in South America, Africa, and Southeast Asia [1] - The total throughput of the company's controlled terminals increased by 6.2% to 32.655 million TEUs, while non-controlled terminals saw a 6% rise to 111 million TEUs [1] - The group's equity throughput rose by 4.5% to 45.318 million TEUs last year [1] Group 2 - CK Hutchison has reached a preliminary agreement with a consortium led by BlackRock to sell its entire stake in Hutchison Port Holdings and Hutchison Port Group, which together control 80% of Hutchison Port Group's global interests [2] - The transaction involves assets covering 43 ports across 23 countries in Asia, Europe, and the Americas, including 199 berths and associated smart terminal management systems [2] - The total asset value of the sale is approximately $22.765 billion [2] Group 3 - Legal experts suggest that the agreement is difficult to overturn, as it does not involve mainland and Hong Kong ports, indicating prior consideration of potential impacts [3] - The timing of the agreement coincides with Trump's announcement of global tariffs, making it challenging to halt the sale [3] Group 4 - Recent commentary in Hong Kong media has criticized CK Hutchison's decision, questioning the motivations behind the rapid agreement with BlackRock [4] - The ports generated HKD 45.282 billion in revenue last year, reflecting an 11% increase compared to 2023, suggesting potential for higher sale prices through competitive bidding [4] Group 5 - China Merchants, as the world's second-largest shipping company, appears poised to acquire CK Hutchison's ports to enhance China's influence in global shipping [5] - The Trump administration is expected to take measures to prevent Chinese companies from acquiring strategic assets [5]

近日，新华社报道了中共代表团访问巴拿马的消息。与此同时，李嘉诚旗下长江和记出售港口一事引发轩然大波，长和市值在11个交易日蒸发323.6亿港 元，这笔交易背后藏着诸多复杂因素，引人深思。 贸易（资料图） 贸易（资料图） 香港媒体《大公报》在此次事件中扮演了重要角色。在不到一个月的时间里，《大公报》发布至少十几篇文章，对李嘉诚出售港口的决策进行抨击。其中， 3月13日发表的锐评《莫天真勿糊涂》、17日的"饮水思源有担当背靠祖国谋发展"社评，以及21日的评论文章《停止交割，切勿因小失大》，这三次发声尤 为引人注目。这些文章强调，商人不能向美国霸权低头，国家利益与个人利益紧密相连，即使向美国屈膝，也未必能保证自身利益。从国家利益角度来看， 这些港口未来极有可能被美国用作限制中国海外航运的工具，关乎国家的战略安全，绝不能仅仅当作普通商业活动对待。《大公报》的观点，代表了众多爱 国人士的心声，大家都期望李嘉诚能够及时停止这笔交易。 除了舆论压力，法律层面的问题也给李嘉诚带来了巨大挑战。近期有消息称，中方有关部门已介入调查李嘉诚出售海外港口业务一事，国家市场监督管理总 局等部门可能已着手研究该交易是否存在安全漏洞或反垄断 ...

厦门港务: 监事会决议公告 证券代码：000905 证券简称：厦门港务 公告编号：2025-13 厦门港务发展股份有限公司 第八届监事会第七次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准 确和完整，没有虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 第八届监事会第七次会议（以下简称本次会议）的书面通知； 以现场表决方式在公司会议室召开第八届监事会第七次会 议； 规范性文件和《厦门港务发展股份公司章程》 （以下简称《公 司章程》 ）的规定。 二、监事会会议审议情况 报告全文及摘要》 会议审核了公司提交的 2024 年年度报告全文及摘要。 监事会认为：公司本次年度财务报告经容诚会计师事务所 （特殊普通合伙） （以下简称容诚会计师事务所）审计并出具 了标准无保留意见审计报告。财务报告内容真实、公正地反 映了本公司的财务状况和经营成果。监事会认为，容诚会计 师事务所出具的审计意见是客观的，不存在任何虚假记载、 误导性陈述或者重大遗漏。 具体内容参见 2025 年 3 月 27 日刊登于《证券时报》 《中 国证券报》和巨潮资讯网《厦门港务发展股份有限公司 2024 《厦门港务发展股份有限公司 ...

上港集团: 上港集团关于控股子公司对外出借资金 的进展公告 证券代码：600018 证券简称：上港集团 编号：临 2025-006 关于控股子公司对外出借资金的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、资金出借概述 上海国际港务（集团）股份有限公司（以下简称："上港集团"或"公司"） 于 2025 年 1 月 16 日召开了第三届董事会第五十三次会议，审议通过了《关于 年向借款方民生轮船股份有限公司、马士基供应链管理有限公司、上海中远海运 港口投资有限公司、盐田国际集装箱码头有限公司、厦门远海集装箱码头有限公 司、浙江省海港投资运营集团有限公司出借资金合计金额不超过人民币 17.92 亿元（不含向关联方出借资金），资金出借期限最长自提款日后不超过 24 个月， 资金出借利率参考同期银行贷款利率，由借贷双方协商确定。资金出借额度自董 事会审议通过后生效，提款有效期为董事会审议通过后一年。其中，公司下属控 股子公司上海明东集装箱码头有限公司（以下简称："明东公司"）向借款方盐 田国际集装箱码头有限公司（以下简称 ...

科技商业观察家。爆品战略提出者。 聪明反被聪明误。 文 ｜ 祥燎 来源｜ 金错刀（ID：ijincuodao） 封面来源 ｜ 视觉中国 很多年前，李嘉诚戏言自己不是经商的料，因为他觉得自己不会骗人，不符合中国人所说的"无商不奸"的标准。 但如今在不少人眼里，他却是个彻头彻尾的商人，甚至 精明过头 了。 3月初，李嘉诚的长和集团发布公告称，决定将43个全球港口控股权，以228亿美元的价格卖给美国公司贝莱德牵头的财团。 以下文章来源于金错刀 ，作者祥燎 金错刀 . 从商业角度看，李嘉诚似乎大赚特赚。 经过少数股东权益调整后，李嘉诚家族能有约190亿美元的现金收入。并且随后两天，长和股价还上涨了33%。 但没过多久， 香港媒体纷纷发文谴责 。 有的发出灵魂拷问：为什么要转让给美国势力？有没有考虑国民利益，是否在助纣为虐、贻害中国和世界？ 图源：大公报 有的引述网友言论，质疑"这是没有腰骨的跪低"。 有的发文提醒，文章标题为《停止交割，切勿因小失大》。 被围攻之后，此前大涨的股价迎来连日下跌，原本计划举行的业绩发布会也被取消。 李嘉诚此前就摇摇欲坠的名声，这下彻底晚节不保了。 20年前买的摇钱树， 砸毁李嘉诚的晚节 ...

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 ...

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 ...