Two major Panama Canal ports have been sold from their Hong Kong owner to a consortium including American multinational investment company BlackRock.

The decision by Hong Kong firm CK Hutchison to sell its Panama ports to a US-led consortium provides the Central American country with a convenient way out of its

China’s presence in Panama has expanded rapidly, sparking fears in Washington. But Panama has already started shifting its allegiances and announced the transfer of major container ports to a US-led consortium.

HONG KONG – The planned sale of a port stake in the Panama Canal by a conglomerate owned by Hong Kong’s richest man Li Ka Shing shields the city from a brewing geopolitical storm, but could ...

We] support Hong Kong and Macau to develop the economy, improve people’s livelihood, deepen international exchange and collaboration,’ he says.