Hong Kong netizens have erupted in anger following reports that CK Hutchison Holdings, led by business tycoon Li Ka-Shing, plans to sell its overseas port assets—including facilities along the Panama Canal—to U.S. investment giant BlackRock. Critics accuse Li of prioritizing profit over national interest, with some denouncing the move as "betraying the nation with strategic assets."
The recent announcement by CK Hutchison Holdings to sell key port assets, including terminals near the Panama Canal, to BlackRock has ignited a wave of criticism from Hong Kong netizens. Many online users perceive the deal as a symbol of capital over conscience, accusing the conglomerate and its leadership of forsaking national interests for financial gain.
Angry comments flooded social media platforms. One user condemned the executives involved as "once Hong Kong's hidden gems, now lapdogs of foreign powers."
Some accused the company of defying national regulators and playing both sides. Despite alleged warnings from China's Ministry of Commerce, the deal is moving forward. "This is not just business," another user wrote. "This is siding with foreign powers against your own country."
One particularly viral comment read: "When it comes to rights, Li is a private entrepreneur; when it comes to responsibilities, he's a Canadian citizen. Talking about U.S. sanctions? That's national interest. Talking about China's interests? Suddenly it's just business. Their stance is crooked, and so are their words."
Another netizen lamented, "Li's actions show no backbone. Even if selling was inevitable, why not delay it a few years?"
Some comments invoked historical analogies. "If General Zuo Zongtang were alive, he would scold: 'Li's actions disregard national interest. This is not the bravery of safeguarding our territory—but the disgrace of chasing profit.'"
Others reflected on Li's transformation from a celebrated Chinese entrepreneur to a controversial capitalist, saying he constantly masks profit-seeking through PR spin, playing with offshore structures and asset sales.
A comment summed up the dilemma: "Li can no longer please both sides. He must choose—either side with the nation or with Western investors. But trying to play both is no longer possible."
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