The real reason Canadian pension funds are pivoting away from China
Jack Mageau is a policy researcher at the University of Alberta China Institute. He holds a M.Phil. in Modern Chinese Studies from the University of Oxford and lives in Taipei, Taiwan.
After all, leaders of top pension funds were brought to testify on this issue recently to the Special Committee on the Canada-People’s Republic of China Relationship , where one lawmaker told a pension fund executive, “Frankly, I don’t know how you sleep at night.”But while China’s problematic conduct is indeed part of the issue, that does not mean that pension funds are basing investment decisions on ethics or politics.
Despite having fewer assets abroad than many other wealthy countries, Canadian investors in general own more assets in China compared with their competitors. Chinese bonds and equities as a share of Canada’s foreign asset position roughly doubled in the past decade, far outpacing other Group of Seven countries such as Japan, France or Germany.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
38 best online deals in the Canadian retail space right nowWe’ve scoured the internet to find the best deals available in the Canadian e-commerce retail space. Here are our top picks for the week.
Read more »
Canadian-born doctor gets licence to practise here after 17-month fight | CBC NewsA Canadian-born doctor who has been in a protracted battle with medical licensing authorities has finally received the documents she needs to practise medicine in Canada.
Read more »
‘No choice’ but to retaliate against Canadian digital tax, U.S. ambassador saysLiberals plan to go ahead with digital service tax, despite 138 other countries agreeing to delay similar measures.
Read more »
Douglas Todd: Some ethnic groups live in more crowded Canadian homesAnalysis: Immigrants of Filipino and Arab background face the most crowded conditions, while those of Chinese and Latin American origin tend to live in more spacious dwellings.
Read more »