Despite the election of Donald Trump, increased immigration barriers to the US and increased animosity between China and the US, the US is still the top destination for rich Chinese leaving their country, says China Rich List researcher Rupert Hoogewerf. Although the number of rich leaving their country is dropping, he tells the South China Morning Post.
Category Archives: Canada
Fast declining foreign reserves have pushed China´s financial authorities into severely restricting the outflow of capital. Outbound investment, like the Vancouver real estate industry, might be under pressure, says financial analyst Victor Shih in the Vancouver Sun.
Some concern emerged in Canada when an investment company Leadon Investment Inc had invested US$1 billion in local hotels. Getting to know who is behind those investment vehicles with a China background might be very hard to discover, says financial analyst Victor Shih to the Vancouver Sun.
After the election of Donald Trump as US president and the possible derailment of Sino-US relations, other countries, like Canada, see opportunities in making trade deals. But striking a balance in trade relations is never straight forward, warns political analyst Victor Shih in the Globe&Mail.
China has been claiming huge success in their “fox hunt”, an effort to retrive corrupt officials who fled abroad to escape prosecution. Canada was a main safe haven for them. Business analyst Shaun Rein explains in the Globe&Mail why helping China is a good idea, despite misgivings about the country´s judicial system.
Good education for their children, overseas investments, fresh air and safe food. China´s rich have been going abroad in larger numbers, and Hurun China rich list founder Rupert Hoogewerf sees – despite an slowing economy – those numbers rise, he tells MarketWatch.
Gone are the days when China´s rich moved to the same Gucci stores to purchase the same bling bags. For travel organizers these trends to individual choices creates a group of very demanding, but also very lucrative customers, says business analyst Shaun Rein in TTGAsia.
Both the US and the UK retain their top positions as a destination for study, reveals the Hurun Chinese Luxury Consumer Survey. They are followed by Australia and Canada. Surprising newcomer is New Zealand at not five, Hurun founder Rupert Hoogewerf tells in the PieNews.
When China entrepreneur Marc van der Chijs moved to Vancouver two years ago, he had already a history of Chinese start-ups under hit belt, including China´s largest video hosting firm Tudou. As VC he remains active in China from Canada, he tells LearnChineseBusiness.com, but misses the daily business vibe of the country.