Li Ka-shing (R), founder of CK Hutchison and Hong Kong’s richest man, speaks to his son Victor during a press conference in Hong Kong on March 16, 2018. Anthony Wallace/AFP via Getty Images
As President Donald Trump reorganizes U.S. trade relations with China and calls for the United States to reassert influence over the Panama Canal, Beijing has taken aim at a major Hong Kong business tycoon involved in a key infrastructure deal.
Victor Li, chairman of CK Hutchison Holdings and son of billionaire Li Ka-shing, was quietly removed from the Hong Kong government’s top advisory board after his company announced in March the sale of two key port operations near the Panama Canal to a U.S.-led consortium.
