Hong Kong billionaire Li Ka-shing has raised Beijing’s ire by agreeing to sell its control over ports in Panama to appease President Donald Trump. But there may be little the Chinese authorities can do to punish him for it.

Beijing criticized Hong Kong tycoon Li Ka-shing for“betraying all Chinese people” after his flagship company announced its plan to sell most of its g

The US$23 billion sale is not final, but needs no Chinese or Hong Kong approval, leaving CK Hutchison to decide whether to proceed, analysts say.