(Translated by https://www.hiragana.jp/)
Richard Li’s Pacific Century Distances Itself from CK Hutchison’s Global Port Sale - Caixin Global
Caixin

Richard Li’s Pacific Century Distances Itself from CK Hutchison’s Global Port Sale

Published: Mar. 29, 2025  5:23 a.m.  GMT+8
00:00
00:00/00:00
Listen to this article 1x
Richard Li at the Global Financial Leaders’ Investment Summit in Hong Kong on Nov. 19, 2024.
Richard Li at the Global Financial Leaders’ Investment Summit in Hong Kong on Nov. 19, 2024.

Richard Li’s Pacific Century Group has made clear that all its businesses operate independently following inquiries from Chinese mainland partners about CK Hutchison’s planned sale of its global port assets.

The clarification came amid public and political scrutiny of CK Hutchison’s pending $19 billion deal to sell its 43 port operations across 23 countries — including key terminals at either ends of the Panama Canal — to a consortium led by U.S. asset manager BlackRock. The deal is expected to be finalized by April 2.

You've accessed an article available only to subscribers
VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article
Open WeChat and scan the QR code
DIGEST HUB
Digest Hub Back
Explore the story in 30 seconds
  • Pacific Century Group clarified its independence from CK Hutchison, facing questions due to Hutchison’s $19 billion global port asset sale to a consortium led by BlackRock.
  • CK Hutchison, under the Li family, is selling 43 ports across 23 countries, including strategic Panama Canal terminals, causing geopolitical concerns.
  • Richard Li’s Pacific Century Group operates separately from CK Hutchison since 2000, with interests in telecommunications, media, insurance, and real estate.
AI generated, for reference only
What Happened When
2000:
Richard Li stepped down from executive roles at Hutchison Whampoa to focus on Pacific Century Group.
Since 2000:
Richard Li's Pacific Century has operated independently from CK Hutchison.
March 27, 2025:
Media reports suggested that business dealings between Chinese state-owned enterprises and firms linked to Li Ka-shing were affected by the port sale.
AI generated, for reference only
Subscribe to unlock Digest Hub
SUBSCRIBE NOW
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin Deep Dive: The Consumption Conundrum Dividing China’s Economists
00:00
00:00/00:00