Dhaka, March 20 -- A business deal involving Hong Kong's richest man, Li Ka-shing, has sparked controversy after his company, CK Hutchison Holdings, agreed to sell its Panama Canal port assets to a consortium that includes U.S. investment firm BlackRock Inc. The move has reportedly angered Beijing.

In recent days, Beijing's Hong Kong affairs offices have shared sharp critiques from state-backed media regarding the proposed sale. This has raised concerns about the deal's future and highlighted the complex balancing act that Hong Kong businesses face between aligning with Beijing's expectations and pursuing their own economic interests.

Li Ka-shing's Influence and Ties to Beijing

Nicknamed "Superman," 96-year-old Li is among the world's ...