Richmondite connects immigrant investors to Canadian stock market
March 12, 2018
By Daisy Xiong, Richmond News |
People hear about “Chinese investors” a lot these days in the media, but not many actually know who they are.
Richmond resident Gilbert Chan’s work is to find these Chinese investors in Vancouver and connect them with North American companies.
His firm, NAI Interactive Ltd., has more than 60,000 subscribers — mostly Chinese investors in Canada — and provides them with financial news and information about local markets.
NAI’s Global Chinese Financial Forum (GCFF), held three times a year in Richmond, have companies flying over from across North America to give presentations to 300 to 1,000 local investors.
Attendees sit in on presentations, take notes and ask questions, according to Chan, and all the information and speeches are translated into Chinese.
“Many Chinese investors live in Richmond, so it’s the most convenient location to host it,” said Chan.
Chan joined the company in 1998 when he realized that there was potential in connecting Chinese immigrants to local stock markets.
“A lot of Chinese immigrants come here with money and want to invest, but they lack information about local markets,” said Chan, who moved here from Hong Kong as a teenager.
The audience is usually immigrants or parents of international students, who hear about the service through friends or from real estate agents while buying a property, according to Chan.
As the Chinese economy boomed and Chinese investors came to Canada, they became targets for more and more businesses in North America.