Thread by @ianjamesyoung70

So, regarding Kevin Falcon and his probably run for BC Lib leadership. Falcon was instrumental in creating BC Panda Bonds, joined by HSBC on trip to China to pitch the idea of the yuan-denominated bonds. He left govt in 2013 to join the #VanRe industry as VP of Anthem Capital

At the time, Anthem CEO Eric Carlson said Falcon’s duties were to “assist in raising [money] from institutional and individual investors.” HSBC would go on to be the joint lead underwriter of BC panda bond, along with Bank of China

The BC Lib govt would go on to pitch the province to China (and elsewhere in Asia) as an investment destination on the unusual basis of the strength of its real estate price growth. These slides are from the province's 2016 pitch to Asian investors

The pitch even included a handy guide to obtaining a Canadian mortgage

Not all this can be pinned on Mr Falcon. But he played a big role pushing BC to China as investment destination, in a process that evolved into BC Libs directly pitching our exploding real estate mkt to China & elsewhere, & he went on to a lucrative career doing same in private

And it should be noted that the BC NDP went on to rejoin the panda bond mkt in 2017 news.gov.bc.ca/releases/2017F…