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Originally Posted by Delgar
This is a really good point. I guess that the very wealthy Chinese are hedging their bets and prefer to risk a portion their money in overinflated Canadian properties than keeping the money elsewhere, including their own country. Also, their political system, while currently stable, has been subject to a few revolutions in the last century so they will know stories about what happens to your money when a revolution occurs.
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Yes, the last part is the reason why Chinese folks get PRs and citizenships in other countries. I don't think any mass exodus is guaranteed. It's just that the Chinese do not trust the Chinese government and they want a destination to flee to if things go FUBAR. I know of family members and friends of family members who have secured PRs or citizenships in Canada, US, Australia, Great Britain, etc. If that's not successful, then they send their children to get study and/or work visas in those countries so they can begin the process of gaining citizenship and one day, be able to sponsor other family members over. I myself am a citizen only because my parents did not want to chance the outcomes of Hong Kong's sovereignty transfer back to China and immigrated to Canada when I was a child.