Cosco executive Zhang Yong appointed deputy in Beijing’s liaison office in Hong Kong
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Beijing has appointed Zhang Yong, executive vice-president of Cosco Shipping Group, as deputy director in the central government’s liaison office in Hong Kong, replacing Qi Bin. This appointment comes amid Cosco's involvement in a contentious deal with CK Hutchison Holdings, which has faced criticism from Beijing for its plans to sell port assets to a Western consortium. Negotiations for the deal remain stalled, with completion now expected in 2026. Qi will transition to a role in an economic committee advising on China's upcoming five-year plan.
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