"It is power politics packaged as a 'business behavior'." CK Hutchison and the HKMAO did not immediately respond to requests for comment. Shares of CK Hutchison closed down 6.4 per cent, underperforming a rise of 2.1 per cent in the benchmark Heng Sang Index. A Hong Kong-founded and -listed firm owned by billionaire Li Ka-shing, pictured below, CK Hutchison has said its business operations are independent from China. Hong Kong's edge as an international financial center is expected to erode further as it gets squeezed by geopolitical tensions, executives and analysts said. Some shipping companies are moving operations out of Hong Kong and taking vessels off its flag registry. Trump, meanwhile, is planning an executive order to charge fees for China-linked vessels at US ports, in a bid to resuscitate American shipbuilding and disrupt China's supply chains.