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International Business Times
International Business Times
Business

CK Hutchison: The Hong Kong Firm Behind Panama Port Operators

CK Hutchison Hong Kong Panama Victor Li Li Kashing Marco Rubio United States China Hutchison Ports the Panama Canal
A ship is loaded with containers at Balboa, operated by Hutchison Ports, in Panama City (Credit: AFP)

A sprawling business empire built by Hong Kong billionaire Li Ka-shing is caught in the crossfire as the extent of Chinese influence over the Panama Canal is debated.

US Secretary of State Marco Rubio said last week it was "unacceptable" for Hong Kong-based companies to control the canal's entry and exit points, arguing they could shut down transit if Beijing ordered them to.

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