CK Hutchison Stock Jumps as Li Ka-shing’s Son Gets China Invite

Shares in Hong Kong billionaire Li Ka-shing’s CK Hutchison Holdings Ltd. rallied after one of his sons was invited to a high-profile summit in Beijing over the weekend amid the company’s controversial sale of its ports in Panama.

Richard Li was invited as a founder of Pacific Century Group to the State Council’s two-day China Development Forum, according to a list of attendees, where he is mingling with the country’s top leaders including Premier Li Qiang and executives such as Apple Inc.’s Tim Cook, Pfizer Inc.’s Albert Bourla and Saudi Aramco’s Amin Nasser.