B.C. government-issued “Panda Bonds” and Chinese cash

UBC business professor Thomas Davidoff was interviewed for a CKNW segment looking at the so-called Panda Bonds–bonds created by the B.C. government that are sold only inside the Chinese market.

Davidoff said there is no evidence that Panda Bond cash has gone directly to Vancouver real estate, and that the finance ministry stated that these bonds are not being sold directly to wealthy Chinese individuals.

However, he added that B.C. might look deeper “to say for sure that the ultimate buyers aren’t high net worth individuals that they can post against purchases in the Vancouver market.”