Global shipping giant CK Hutchison Holdings Limited is at the center of a high-stakes ports deal, and China is urging all involved parties to tread carefully. A spokesperson from the Chinese foreign ministry, Guo Jiakun, emphasized on Monday that stakeholders must maintain open lines of communication with the relevant Chinese departments.
According to a Wall Street Journal report citing informed sources, the Chinese government has signaled that most of the ports under sale—aside from the Panama Canal port—should clear any regulatory hurdles without major issues. Despite this green light, the State Administration for Market Regulation has flagged the deal for a formal review under national laws.
Guo underscored that no merger or acquisition can move forward without proper approval, warning that any attempt to evade scrutiny will trigger legal liabilities. "We have taken note of relevant reports," he told reporters, adding that China remains firm against economic coercion and bullying tactics that threaten the legitimate rights and interests of other countries.
As CK Hutchison navigates this complex landscape, Beijing’s dual message is clear: exercise prudence and transparency, but know that China is open for business. "China is committed to reform and opening up, and welcomes foreign enterprises to invest in China," Guo said, signaling continued support for global investment.
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Spokesperson: China urges prudence in CK Hutchison's ports deal
cgtn.com
