Friday after China’s top office on Hong Kong affairs reposted a sharp attack on the conglomerate’s decision to appease President Donald Trump by selling its stake in Panama ports. The commentary that the Hong Kong and Macau Affairs Office posted on its website originally appeared in the Ta Kung Pao newspaper and warned companies to be very careful about which “side they should stand on.

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

The Hong Kong conglomerate CK Hutchison’s planned sale of ports in Panama to a group led by BlackRock, the American finance giant, is under fire from Beijing.