Date
26 September 2017
Chinatown in Toronto, Canada. Despite the scrapping of a controversial investor visa policy, Canada is the No. 2 choice of wealthy Chinese immigrants behind the United States. Photo: toronto-chinatown.info
Chinatown in Toronto, Canada. Despite the scrapping of a controversial investor visa policy, Canada is the No. 2 choice of wealthy Chinese immigrants behind the United States. Photo: toronto-chinatown.info

Rich Chinese still prefer Canada despite visa policy change

Canada continues to attract wealthy Chinese immigrants despite the shutdown of a controversial investor visa scheme in February, according to a survey by HurunReport, a luxury publishing and events group.

About 21 percent of Chinese high net worth individuals prefer to immigrate to Canada, second only to the United States, the top choice of 51 percent of respondents in the survey jointly conducted with Visas Consulting Group, a global immigration agency.   

Australia and Europe were third and fourth, respectively.

The survey, held from March to April, polled 141 Chinese individuals with an average individual wealth of 48 million yuan (US$6.8 million) who have emigrated or are applying to do so.

The main reasons for the move are to provide better education for their children and worries over pollution and food safety at home.

David Chen, a lawyer partner at Visas Consulting Group China, said a recent surge in interest among Chinese for investment migration could be due to simpler application procedures in receiving countries such as the US and Canada as well as global networks already set up by migrants’ friends or relatives.

However, Canada’s policy change will affect at least 57,000 pending Chinese applications, Hurun said.

On June 4, hundreds of wealthy Chinese launched a lawsuit against Canada’s immigration authority in federal court, according to media reports.

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