Li Ka-shing’s China clash unnerves rich investors in Hong Kong
The billionaire tycoon is under fire from Beijing over his blockbuster ports deal with America’s BlackRock. Now wealthy Hong Kong families are on notice that geopolitics matters.
Hong Kong billionaire Li Ka-Shing has found himself in the firing line of Xi Jinping.
Li Ka-shing’s strained relationship with Beijing has sent a clear reminder to Hong Kong’s tycoons and global investors eyeing the city as a wealth hub: never downplay geopolitics.
China’s move to amplify criticism of the billionaire’s blockbuster ports deal with BlackRock and probe the transaction for antitrust violations has drawn the attention of rich investors and their advisers.
