Brookfield’s Deep Ties to Chinese Land, Loans, and Green Deals—And a Real Estate Tycoon With CCP Links—Raise Questions as Carney Takes Over from Trudeau
Brookfield Bet Billions on Shanghai Land as China’s Market Peaked and Secured $276 Million Bank of China Refinancing Under Mark Carney as Market Crashed
OTTAWA, Canada — 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.