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The deal, first announced on March 4th, has led Chinese authorities to investigate potential security risks and antitrust violations. Reports indicate that various regulatory agencies, including the State Administration of Market Regulation (SAMR), have been tasked with reviewing this transaction. Despite the ports being outside China—many on US soil—the Chinese government’s reaction suggests it is prepared to exert influence to block the sale indirectly.
Chinese state media outlets have publicly criticized the deal, raising questions about national interests and warning against enabling foreign firms to acquire vital assets. Moreover, Hong Kong’s Chief Executive, John Lee, underscored the seriousness of the deal’s implications and emphasized the necessity for compliance with local laws.