Hong Kong Chief Executive John Lee Ka-chiu said on Tuesday that public concerns about conglomerate Cheung Kong Hutchison Holdings' proposed sale of its Panama ports to a United States consortium deserve attention, and expressed firm opposition to any form of coercion or pressure tactics in international trade deals.

CK Hutchison Holdings – founded by Hong Kong tycoon Li Ka-shing – said on Mar 4 that it had struck a $22.8-billion deal to sell its majority stakes in two Panama Canal ports, as well as 41 others across 23 countries, to a consortium led by US investment company BlackRock. The announcement has ignited widespread discussions.

Ahead of an Executive Council meeting, Lee was asked about how businesses operating globally and closely intertwined with Hong Kong’s economy should navigate political risks.

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He noted that widespread public discussions about the issue reflect societal concerns, underscoring its significance.

He reiterated the SAR government’s call for a fair and equitable business environment for all companies, including those from Hong Kong. He firmly condemned the use of coercion or pressure in international economic and trade activities, emphasizing the need for transparency and compliance with legal and regulatory standards.

The SAR government will handle the matter in accordance with the law and regulations, he added.

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CK Hutchison Holdings and CK Asset Holdings said on Tuesday they will not hold a press conference and analyst meeting on their annual results this year.

Contact the writer at amberwu@chinadailyhk.com