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Wednesday, October 19, 2016

#HNNGov Security experts WARN against #Chinese billionaire interested in #Canada's Clean air technology.

CDA China 20161018
Wang Chaoyong is chairman and CEO of ChinaEquity, one of the country's most successful independent venture capital firms. (Adrian Wyld/Canadian Press)
Canadian clean technology companies could be the next major investment for China's business elite.

But cyber-security experts and the opposition are warning that the keen interest from Chinese investors must be treated carefully.

"For us at the moment, natural resources is not the top priority," said Wang Chaoyong, the chairman and CEO of ChinaEquity, one of the country's most successful independent venture capital firms.

"We are more interested in investing in environment technology, clean tech [and] innovative sectors such as creative industries," Wang said in an interview with CBC News. The investment mogul is part of a delegation from the elite China Entrepreneur Club, which is touring Canada to get a closer look at potential investments.

The group, which is often called China's club for billionaires, met with Prime Minister Justin Trudeau on Tuesday.

"Canadian product, brand and innovative design are very popular in China, so we see the synergy between the Canadian product and the Chinese market," Wang said.

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