Brookfield's Deep Ties To Chinese Land, Loans & Green Deals
https://www.zerohedge.com/geopolitical/brookfields-deep-ties-chinese-land-loans-green-deals
A review of corporate documents reveals that Brookfield—the influential $900 billion Canadian investment fund from which Liberal Prime Minister-to-be Mark Carney stepped away from in order to replace Justin Trudeau as Canada's leader—maintains over $3 billion in politically sensitive investments with Chinese state-linked real estate and energy companies, along with a substantial offshore banking presence. One of its major real estate ventures, a $750 million entry into high-end Shanghai commercial property in 2013, involved a Hong Kong tycoon affiliated with the Chinese People's Political Consultative Conference (CPPCC)—which the CIA labels a central "united front" entity of Beijing.
The investment occurred while China's real estate bubble was peaking. Last year, as China's market crashed, and vacancies soared in Shanghai, Brookfield under Carney secured hundreds of millions of dollars in loans from the Bank of China to refinance its Shanghai commercial land holdings. According to The Bureau's research, this emergency loan came a decade after Carney, serving as Governor of the Bank of England, aided Beijing by facilitating the Bank of China's expansion of its global financial footprint. In his 2013 speech, UK at the Heart of Renewed Globalisation, Carney announced that "The Bank of England [has] signed an agreement with the People's Bank of China … Helping the internationalisation of the Renminbi is a global good." Continue…