UK’s new laws to prevent hostile business takeovers by CCP

According to a BBC report, UK government will announce new laws to stop the Chinese Communist Party from taking over UK companies due to national security concerns. Academic researches are also under scrutiny.

Please click to read the BBC report:

https://www.thetimes.co.uk/article/laws-to-curb-chinese-takeovers-zkshmn96h

CCP’s strategic acquisitions in UK via its proxies

The Chinese Communist Party has been taking over western companies strategically via its proxies like Hong Kong tycoon Li Ka-shing, who went on a shopping spree in the UK after making lucrative profits in the Chinese real estate.

Some Chinese netizens criticized Li’s profit-taking in mainland China as not being patriotic enough. But his acquisitions in the UK paved the way for Huawei’s expansion.

“Three, a subsidiary of Hong Kong conglomerate Hutchison Holdings, signed a deal with Huawei in June to act as a key supplier for a £2bn project to build 5G networks in the UK. Hutchison is part of a sprawling international business empire controlled by Li Ka-Shing, Hong Kong’s richest man. BT signed a similar deal with Huawei in February.”

Here is a 2018 article about Li’s business tie with Huawei:

https://www.telegraph.co.uk/technology/2018/12/27/three-pressure-review-huawei-5g-deal-defense-secretary-airs/

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