Douglas Todd: Flamboyant Chinese billionaire buys three B.C. malls

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Douglas Todd: Flamboyant Chinese billionaire buys three B.C. malls
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Liu Weihong, who has ties to the Chinese government and has been described as \u0022a bit of a juggernaut,” has bought a third giant B.C. mall.

The executive director of Central Walk, Hefe Fang Sun, responded on Thursday by email to Postmedia’s request for an interview with Liu. She declined to respond to a series of questions, including about whether she has ties to the Chinese Communist Party, justifies her attack on the reporter, or has a specific place of residence.Article content

U.S. security officials have described China’s “Political Consultative” organizations and others as arms of the United Front system, which aims to extend China’s political interests around the world, using such organizations to obfuscate the power being wielded through them by the Chinese Communist Party.

Such memberships are “highly sought after. They provide business people from China with terrific prestige and a degree of political protection.” The tenor of the Global Times article describing Liu’s assault, Burton said, reflects how the party seeks to protect her.Article content Burton found it intriguing that Liu’s company wants to develop market housing, including residential towers, on the B.C. mall properties it now owns.wealthy Chinese people want to own property outside China“In China, they seize everything ,” Burton said. “But that’s not the case in Canada. Having real estate abroad can help some from China escape ruin.”

Last year, Valen Tam, Central Walk’s director of development, told Victoria Times Colonist reporter Carla Wilson thatThis advertisement has not loaded yet, but your article continues below.At one point, Liu’s company owned Victoria’s Fairmont Empress Hotel, but it was sold to Vancouver developer Nat Bosa in 2014.

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