As to where we left off, I just want to make it clear that this is an IRCC issue.
I have the Hong Kong Watch report. Some $1.5 billion is managed by Canadian insurance companies, which is equivalent to $69 million in management fees that these companies are making. The issue is related to Hong Kongers who are Canadian citizens and Canadian permanent residents who came to Canada on the BNO passport, which was a valid document to travel here.
Hong Kong Watch notes this about the MPFA, which is a Hong Kong-based organization:
...the MPFA released a statement on 10 March 2021 saying that because the British National (Overseas) (BNO) passport was no longer recognised by the Hong Kong government as a valid travel document as well as proof of identity as of the end of January 2021, those trying to withdraw their MPFs early—
Those are the pension fund monies of these Hong Kongers, who are Canadians citizens or permanent residents.
—(before retirement) cannot rely on the BNO passport as evidence in support [of] an application for early MPF withdrawal.
These are pension funds of Canadians who are originally from Hong Kong or are permanent residents of Canada. When they apply, the agents of these Canadian insurance companies, who are in Hong Kong, are not allowing the transfer.
Some employees—at least in one case with, I think, Sun Life—have been arrested in Hong Kong for trying to facilitate this. This is a form of transnational repression, where the Beijing government is directing the Hong Kong government to go after these Canadian Hong Kongers and permanent residents. It's a form of the extraterritorial reach of the CCP against our people.
What I want is for us to pass this motion with the amendments in order for us to call these insurance companies to testify and explain why they are doing this, why they are facilitating this and why they continue operating in Hong Kong under these conditions.
The second part is about the IRCC issuing the PR card. For those who aren't Canadian citizens yet, when a PR card is issued, the first three letters indicate which travel document you used when you originally entered Canada. For Hong Kongers who used the BNO passport, this is shown on the card, so it's a very easy and quick way for MPF managers in Hong Kong and Hong Kong government administrators to identify them. Because of this quirk in how we do our PR cards, we're facilitating the identification of people being targeted by Beijing.
I'd like this motion to pass. It's for just one meeting, so we can call these people to testify and explain themselves.