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.
