---
title: "Cosco executive Zhang Yong appointed deputy in Beijing’s liaison office in Hong Kong"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/271174191.md"
description: "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."
datetime: "2025-12-31T05:05:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/271174191.md)
  - [en](https://longbridge.com/en/news/271174191.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/271174191.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/271174191.md) | [繁體中文](https://longbridge.com/zh-HK/news/271174191.md)


# Cosco executive Zhang Yong appointed deputy in Beijing’s liaison office in Hong Kong

Beijing has appointed Zhang Yong, a senior staff member from a state-owned shipping and logistics services group, to serve as a deputy director in the central government’s liaison office in Hong Kong, the Ministry of Human Resources and Social Security announced on Wednesday.\\nZhang, executive vice-president of Chinese shipping conglomerate Cosco Shipping Group and also its news spokesman, will replace Qi Bin, who was appointed last November, according to the ministry’s announcement.\\nThe liaison office’s website was updated on Wednesday, with Zhang listed as the fourth deputy director.\\nThe state-owned company has been under the spotlight since late July, when media identified it as a “major strategic investor” to be invited by Li Ka-shing’s CK Hutchison Holdings to join a consortium seeking to buy the latter’s global port stakes. This came after a deadline for exclusive talks on the US$23 billion deal expired on July 25.\\nThe move was seen as CK Hutchison’s attempt to appease Beijing, which had issued rounds of criticism accusing the conglomerate’s plan to sell an 80 per cent stake in its port assets to a Western consortium led by BlackRock as a “betrayal” of national interests.\\nBeijing has reportedly hardened its stance, demanding that Cosco obtain a majority stake and veto rights in CK Hutchison’s overall global portfolio as a condition for regulatory clearance.\\nAs of late December, negotiations remain deadlocked. CK Hutchison’s co-managing director Frank Sixt earlier confirmed that the deal’s completion would be delayed until 2026.\\nQi, who turned 57 last month, will be appointed deputy director of an economic committee under the Chinese People’s Political Consultative Conference, the nation’s top political advisory body, the Post has learned.\\nThe committee advises China’s leadership on strategies for the nation’s 15th five-year plan, the new development blueprint to be launched next year.\\nThe central government’s liaison office is headed by Zhou Ji, formerly an executive deputy director at the State Council’s Hong Kong and Macau Affairs Office, who took up the position in May.\\nZhou oversees four deputy directors, each covering different areas of expertise.\\n

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