Replies to post #70769 on Your Economy (No Politics) (YE1)

[Ayock]

BC Canada, Bonds and Chinese influence....

I get to Vancouver, BC Canada often. It is a remarkably affluent city. As the sole big port city on the Canadian pacific coast think LA, San Francisco, Portland and Seattle rolled into one location (including the bonus of Whistler-Blackcomb ski area just 2 hours drive). One of the most prominent bank buildings is the Bank of China. The anecdotal stories of wealthy Chinese moving into Vancouver from Hong Kong are the thing of legends.

For example: There was a chinese customer to a local Vancouver real estate company asking for a tour around the city to see "nicer" high end properties. The real estate agent and client spent two days looking at one property after another...25 high end pieces in all. The customer rarely commented, just observed. After the exhausting and apparently frustrating city tour, the agent asked for some feedback on preferences, likes/dislikes and etc. to narrow the property search. The chinese customer said that it would not be necessary...he said, "I'll take them all...". The chinese customer was a relocation agent for several wealthy Hong Kong Chinese looking to escape the region with their assets before full Chinese takeover of Hong Kong.

Google Bank of China Vancouver and you'll see the broad net cast by the Hong Kong expats.