China Reviews CK Hutchison’s Port Deal Over Security Concerns
Chinese authorities are reviewing CK Hutchison’s sale of overseas port businesses to a BlackRock-led consortium for security and antitrust concerns. Senior leaders have ordered an assessment by agencies such as the State Administration for Market Regulation.
Chinese regulatory authorities have initiated a review concerning the sale of overseas port assets by HK-based conglomerate CK Hutchison to a consortium led by BlackRock. This scrutiny has been prompted by senior leaders who have tasked various agencies, notably the State Administration for Market Regulation (SAMR), with assessing the transaction for potential security risks and compliance with antitrust regulations.
The review of CK Hutchison’s port deal highlights China’s increasing focus on scrutinizing foreign investments for security and regulatory compliance. The involvement of senior leaders and multiple agencies underscores the importance placed on maintaining market integrity and protecting national interests.
Original Source: www.tradingview.com
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